The first phase of construction at the Caio Deepwater Terminal in Cabinda, Angola, is nearing completion, with more than 60% of the physical work and 75% of the financial execution already achieved, according to José Kuvingua, Chairman of the Port of Cabinda. He shared the update on Friday following a working meeting led by the provincial governor, Suzana de Abreu, focused on the impact of the Free Trade Zone implementation.
Author: Constance Makungu
EU Highlights Lobito Corridor’s Role in Boosting Trade and Youth Opportunities in Southern Africa
The Lobito Corridor can strengthen trade and investment opportunities for Angola, Zambia, and the Democratic Republic of Congo, said the European Union (EU) Ambassador to Angola, Rosário Bento Pais, on Thursday in Luanda. Speaking at the launch of four EU-funded youth entrepreneurship projects in Luanda, the ambassador emphasized that the corridor has the potential to drive economic diversification and create job opportunities for young people across Angola, Zambia, and the
Morocco Seeks Private Partner to Operate $300M Mega Shipyard
Morocco is inviting private operators to manage Africa’s largest shipyard under a 30-year concession, aiming to replicate the success of its automotive industry, Bloomberg reports. The state-run National Ports Agency (ANP) has launched a tender, seeking experienced global players to develop, equip, and operate the 52-acre facility. According to ANP’s communications director, Abdellatif Lhouaoui, the project is designed to turn Morocco into a leading maritime hub in Africa. This move
AD Ports Group Awards Contracts for $250M Luanda Port Modernization
AD Ports Group has awarded contracts to Mar Construction Civil & Obras Publicas and Dar Al-Handasah Consultants Shair & Partners for the modernization of the Noatum Ports Luanda Terminal in Angola. Mar Construction will be responsible for designing and building both the topside and marine infrastructure, while Dar Al-Handasah will manage the project and oversee construction supervision. Launched on January 30, 2025, the upgrade aims to transform the terminal into
DRC Prime Minister Calls for Acceleration of Lobito Corridor Development
Speaking at the 38th Meeting of the Council of Ministers at the African Union City, Prime Minister Judith Suminwa Tuluka emphasized the urgent need to accelerate development projects along the Lobito Corridor. In her address, the Prime Minister highlighted the Italian government’s launch of a new partnership model with Africa, rooted in the Mattei Plan—an initiative focused on fostering equitable and mutually beneficial cooperation. The Mattei Plan prioritizes joint identification
Angola Launches Port Terminal Tenders to Boost Maritime Trade and Connectivity
The Angolan government has opened tenders for the concession of maritime passenger and cargo terminals at the ports of Cabinda and Soyo, in a strategic move to enhance regional logistics and stimulate economic growth. The 20-year concession contracts will cover the management, operation, and maintenance of the two terminals, with the goal of strengthening coastal shipping (cabotage), improving transport efficiency, and creating employment opportunities. Positioned as vital gateways for maritime
U.S. Reaffirms Commitment to Lobito Corridor Investments
The United States has reaffirmed its commitment to continuing investments along the Lobito Corridor, confirmed the U.S. Chargé d’Affaires in Angola and São Tomé and Príncipe during his visit to Huambo on Tuesday. James Story, after meeting with Governor Pereira Alfredo, stated that his three-day visit to the Lobito Corridor projects is part of an initiative that includes 16 ambassadors from various countries. This visit aims to demonstrate the U.S.
Angola’s TAAG Plans to Resume Direct Luanda-Houston Flights
Angola’s national airline, TAAG, is exploring a long-term plan to reinstate direct flights between Luanda and Houston, USA, a source told Energy Capital & Power. This initiative aligns with the airline’s global expansion strategy and aims to strengthen trade and commerce between Angola and the United States. TAAG has submitted an application to the U.S. Department of Transportation and is awaiting Federal Aviation Administration (FAA) Category 1 Certification before launching
Norwegian Ambassador Highlights Lobito Corridor’s Role in Expanding Angola’s Agricultural Exports
Norwegian Ambassador Bjørnar Dahl Hotvedt is visiting Huambo and the Lobito Corridor from today until the 3rd, as part of a delegation of ambassadors from the United States and several European countries. This visit focuses on assessing Angola’s agricultural potential, with particular attention to how the Lobito Corridor can facilitate the export of Angolan products to Norway. In a statement from the Norwegian embassy, the ambassador explained that Angola’s vast,
Lobito Corridor and EU-Africa Cooperation Take Center Stage at Rome Conference
Luanda – The strategic importance of the Lobito Corridor and enhanced cooperation between Africa and the European Union (EU) were key topics at the EU high-level conference held this week in Rome, Italy. The event aimed to strengthen ties between African nations and the EU. Under the theme “The Mattei Plan for Africa and the EU’s Global Gateway: A Common Effort with the African Continent,” the conference brought together political