ASX-listed Canyon Resources, through its wholly owned subsidiary Camalco Cameroon, has acquired a 5.3% equity stake in Cameroon’s rail network operator, Camrail, from TotalEnergies Marketing Cameroun (Total Cameroon). The transaction was finalized on March 14, following internal approval from Total Cameroon’s Apex Committee. With this latest acquisition, Camalco now holds a strategic 9.1% stake in Camrail, having previously secured a 3.8% interest from Société d’Exploitation des Bois du Cameroun (SEBC)
Category: Central Africa
Mbuji-Mayi Airport Modernization to Enable Accommodation of Large Aircraft by September 2025
Mbuji-Mayi Airport is set to accommodate large aircraft following the completion of ongoing modernization work. This announcement was made on Monday, February 25, 2025, after a working session between Deputy Prime Minister and Minister of Transport, Communication Channels, and Disenclavement, Jean-Pierre Bemba, and a delegation from the Chinese firm CHINA JIANGXI Corporation, responsible for the airport’s renovation and modernization. Michael Cheng, the representative of CHINA JIANGXI Corporation in the Democratic
U.S. Aid Freeze Puts Africa’s Critical Minerals Corridor at Risk
A billion-dollar expansion of Africa’s most strategic U.S.-backed critical minerals project is now in limbo due to a foreign aid freeze under the Trump administration—creating an opening for China to expand its influence. At the center of the crisis is the Lobito Corridor railway project, a key infrastructure initiative designed to transport copper and cobalt from the Central African Copperbelt—home to some of the world’s richest deposits—to the Angolan coast
Air Congo Expands with New Aircraft, Boosting Connectivity and Economic Potential
Air Congo, the new national airline born from a partnership between the Congolese state and Ethiopian Airlines, has reached a significant milestone with the arrival of its second Boeing 737-800. This acquisition is part of a broader expansion plan that includes a total of eight aircraft, with six expected within the year. The addition of this second aircraft marks a turning point for air connectivity in the Democratic Republic of
Freight Train Derailment in Lualaba, DRC, Leaves Five Dead and Dozens Injured
A freight train traveling from Tenke to Lubudi in the Lualaba province of the Democratic Republic of Congo (DRC) derailed on Friday, December 13, at 10 p.m., resulting in at least five fatalities and around twenty injuries, according to a provisional report by the Nouvelle Société Civile Congolaise (NSCC) shared with Actualité.cd. The accident also caused significant material damage. The derailment occurred in Kansenia village, located 55 km from Lubudi,
President Biden visits Lobito Atlantic Railway to view copper exports to the USA
Lobito, December 4, 2024 – The President of the United States of America, Joe Biden, visited the Multipurpose Terminal at the Port of Lobito, Angola yesterday, where he watched the arrival of a train operated by the Lobito Atlantic Railway (LAR), transporting copper from the Democratic Republic of Congo (DRC). The copper was then loaded onto a vessel bound for New Orleans, in the United States, highlighting, once again, the strategic role of the
Zambia and DRC Unite to Build Key Cross-Border Road Boosting Regional Trade
Zambia and the Democratic Republic of Congo (DRC) have signed a landmark agreement to construct a 145-kilometer road linking Kolwezi in the DRC to Lumwana in Zambia, passing through the Kambimba-Sakabinda border posts. This ambitious project, formalized in Kolwezi, Lualaba Province, aims to enhance border infrastructure, streamline trade, and strengthen economic ties between the two nations. The agreement, signed by Zambia’s Minister of Infrastructure, Housing, and Urban Development, Charles Milupi,
Congo Airways Resumes Operations, Boosting National Connectivity
Congo Airways, the national airline of the Democratic Republic of Congo, has officially announced its return to the skies, with the first flight scheduled for November 10, 2024. In a press release, the airline’s management expressed gratitude to the Congolese Government, the National Social Security Fund (CNSS), and the airline’s dedicated staff for their collective efforts in making this long-anticipated relaunch possible. The resumption of Congo Airways flights is a
Zambia Airways and Motor Dealers Association Partner to Boost Regional Trade
Zambia Airways has signed a Memorandum of Understanding (MoU) with the Zambia Motor Dealers Association to improve travel logistics for association members, marking a major milestone in supporting local businesses with affordable, efficient transport options. Announced at a ceremony in Lusaka, this partnership enables Zambia Airways to offer specialized flights to key regional hubs like South Africa and Tanzania, directly catering to the needs of Zambia’s motor dealers. Zambia Airways’
AFC Advances Zambia Lobito Rail Project with Angola and Zambia Concession Agreements
The Africa Finance Corporation (AFC) has achieved a major milestone in the Zambia Lobito Rail project by entering concession agreements with the governments of Angola and Zambia. The formal signing took place alongside the 79th United Nations General Assembly, with support from the U.S. G-7 Partnership for Global Infrastructure and Investment (PGI) and U.S. Secretary of State Antony Blinken. These agreements position the AFC as the lead entity for funding,