Angola’s minister of Transport Ricardo Viegas d’Abreu recently highlighted the significant financial commitments from the G7 and Italy, including a $320 million pledge from Italy, which complement the investments from the United States’ Partnership for Global Infrastructure (PGI) and the European Union’s Global Gateway Strategy. D’Abreu emphasized the Lobito Corridor’s strategic importance, stating, “This financial support from Italy directly aids the Benguela Railway (CFB) connection to Zambia, enhancing Angola’s ability
Category: Central Africa
Angola Advances Lobito Corridor to Boost Regional Trade and Economic Integration
Angola is leading efforts to transform the Lobito Corridor into a vital artery for regional trade, enhancing economic integration in Southern Africa. This large-scale infrastructure project, supported by the Angolan government and international partners, aims to connect Angola with the Democratic Republic of Congo (DRC) and Zambia, facilitating trade and fostering regional economic growth. Significant International Investments Italy’s Contribution:Under Prime Minister Meloni’s Mattei Plan and PGI, Italy has committed $320
Italy Joins US and EU in Promoting Sustainable Development Along Lobito Corridor
On Friday, during the G7 meeting it hosted, Italy committed to joining the US and EU in efforts to promote sustainable development along the Lobito Corridor. This initiative aims to enhance collaboration and mobilize up to $320 million in investments to support core rail infrastructure and related projects, in synergy with the Green Infrastructure Alliance in Africa (AGIA). The Lobito Corridor is a significant railway infrastructure that traverses Angola, the
Maintenance Work Halts Long-Distance Trains Between Mozambique and Neighboring Countries
Mozambique’s publicly owned Ports and Rail Company (CFM) has temporarily suspended the circulation of long-distance freight and passenger trains on the Ressano Garcia and Goba railway lines, which connect Mozambique to South Africa and Eswatini, due to ongoing maintenance work. Emídio Bata, the CFM executive director for the southern region, announced that a total of 14 freight trains will be halted on these railway lines for the next two weeks.
Lobito Corridor to Enhance Freight Capacity with 275 New Wagons from South Africa’s Galison Manufacturing
In furtherance of the commitment to invest $455 million in Angola, the Lobito Atlantic Railway—a consortium of Trafigura, Mota-Engil, and Vecturis—has awarded a contract to South Africa’s Galison Manufacturing to supply 275 container wagons over 30 months. This investment, part of a larger procurement plan for 35 locomotives and 1555 wagons, aims to enhance the Lobito Corridor’s freight capacity. The Lobito Atlantic Railway, a consortium of Trafigura, Mota-Engil, and Vecturis,
Economic Growth in Benguela Boosted by Lobito Refinery and Corridor Projects
The construction of the Lobito Refinery and the operationalization of the Lobito Corridor are attracting significant investor interest in Benguela, driving the province’s economic growth. This was highlighted by Adilson Gonçalves, the Vice-Governor for the Technical Sector and Infrastructures, during his remarks on the success of the Benguela International Fair (FIB) held from last Wednesday to Sunday. Preliminary figures from the 13th Benguela International Fair, presented to Jornal de Angola
One-Stop Border System at Ressano Garcia to Boost Trade by 2026
The one-stop border system at the Ressano Garcia border post between Mozambique and South Africa is set to be operational within three years, according to a report from Noticias. This development aims to increase cargo volume and promote industrialization along the Maputo Corridor. A feasibility study for the project will commence in August, with the concession agreement expected to be signed by December. Construction is scheduled to begin in December
Mozambique Railways to Suspend Train Services for Maintenance Work
Passenger and freight train services on the Ressano Garcia and Goba railway lines will be suspended from tomorrow until June 13 to allow for essential maintenance work, Mozambique Railways (CFM) announced yesterday. The suspension will also affect urban passenger transport between Central Station and the towns of Boane and Matola Gare. CFM executive director Emídio Bata explained that this suspension is part of the annual maintenance program for the southern
Zambian Govt Keeps Mfuwe International Airport Open Amid Rehabilitation Plans
The Zambian Government has reversed its decision to close Mfuwe International Airport for rehabilitation, opting to keep the airport operational to avoid disruptions to the tourism industry. Initially, the airport was scheduled to close on June 13, 2024, to allow for comprehensive infrastructure upgrades. However, significant concerns from key stakeholders in the tourism sector prompted the government to reconsider. Minister of Transport and Logistics, Hon. Frank Museba Tayali, highlighted the
Angolan President highlights importance of the Lobito Corridor to regional development
The President of the Republic, João Lourenço, reiterated previously, in Dallas, Texas, the importance of the Lobito Corridor for the development of the southern region of the continent. The Head of State was speaking at the high-level dialogue of the 16th US-Africa Business Summit, addressing the theme of Investment in strategic infrastructures, sustainable growth. João Lourenço highlighted that this road infrastructure, which received American financing, will bring development not only