Thoughts on the Corridor | 007
Official newsletter of the Lobito Corridor IPA presenting news, views, and announcements impacting the Lobito Corridor.
Welcome to Thoughts on the Corridor, the official newsletter of the Lobito Corridor Investment Promotion Authority and section of the Emerging Real Estate Digest—your insider's guide to investing and doing business on the African continent. Stay informed about the Lobito Corridor with our "Thoughts on the Corridor" section, and keep up with general business trends across Africa through "Africa Vantage."
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Lobito Corridor News
🔊 Lobito Corridor Expanding to Include Tanzania
In addition to refurbishing existing lines, the project envisions adding 1,300 kilometers of railway from Zambia to Tanzania. The project is slated to be finished by 2029.… Read More
📸 Lobito Corridor Ad From Feb 3, 1967 (Times of Zambia)
Excerpt from the Lobito Corridor IPA website:
Several years later, "[i]n 1973 the railway reached peak operational efficiency when it employed 13,000 employees as Angola’s largest employer. In the same year, it transported 3.3 million tons of cargo over the single track and managed to generate $30 million in freight revenues. Before Angola’s civil war, and the subsequent slowdown of rail traffic, the Benguela Railway was undergoing modernization to diesel and handled 60% of Zaire’s (i.e., today’s DRC) copper and 45% of Zambia’s."
📰 DBSA Approves $200 Million for Lobito Corridor Railway Project
The funding will support the construction and upgrading of the railway infrastructure, including the procurement of 50% of the required wagons from a South African local manufacturing company.… Read More
📰 Zambia Plans State Firm to Own 30% of Critical Minerals Mines
Zambia’s goal of producing 3 million tons of copper a year by 2031 requires existing assets to double their output to about 1.4 million tons… Read More
📖 State of Africa's Infrastructure Report 2024 [AFC]
The report from the Africa Finance Corporation, a primary player helping to develop the Lobito Corridor, discusses Africa infrastructure generally and mentions the Lobito Corridor several times placing it in a broader context.
