Thoughts on the Corridor | 009
Thoughts on the Corridor | 009
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 Afrika Vantage, your insider's guide to investing and doing business on the African continent.
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Lobito Corridor News
🎦 Peter Zeihan on Why Lobito Corridor Matters to U.S.
"The idea that the United States has is that if we can rehabilitate the Lobito Corridor, which dates back to the Portuguese occupation a century ago, well then there is another route for this stuff (critical minerals) to get out and it would be going to the Atlantic instead of the Indian Ocean basin and that's closer to the United States and Europe as opposed to China." … Read More
📰 Biden Postpones, Then Reschedules Angola Trip
Biden postponed a scheduled October 15 trip to Angola due to Hurricane Milton. The Angola trip will now take place in the first week of December, after the U.S. presidential election. If the trip happens, it will mark the first time a U.S. President has visited Africa since Barrack Obama in 2015, and the first ever to Angola by a sitting U.S. President… Read More
📰 Ivanhoe to Explore Zambia with View of Replicating Success in DRC
Ivanhoe recently signed an MOU with Zambia’s mining ministry for exploration activities in the country. The Candian miner is following the same path it followed in the DRC in developing the world-class Kamoa-Kakula copper complex along the Lobito Corridor. The DRC copper mine is in the top 3 globally with 50 million tonnes of reserves identified… Read More
📰 Congo Wants to Pivot Away From China’s Dominance Over Its Mining
Congo wants to “attract better investors, more investors, and diversified investors,” Mines Minister Kizito Pakabomba said.… Read More
📰 China to Bring Tanzania-Zambia Railway Back to Full Speed With $1 Billion Boost
TAZARA has fallen into disrepair and is in the financial doldrums, with only 10 locomotives in used instead of its capacity of 50. The investment is a direct response to US efforts to build parallel railway infrastructure. The plan is to increase capacity from 500,000 metric tonnes to 2 million metric tonnes.… Read More
📸 DRC and Zambia Contain Africa’s Largest Copper Reserves
🎦 Secretary Blinken Confirms Lobito Corridor’s Importance
Last month, during the Partnership for Global Infrastructure and Investment Roundtable on the Lobito Corridor, Secretary Blinken provided a progress update, reaffirming his commitment to advancing the corridor's development.