In a recent meeting held in Luanda, the European Union (EU) reiterated its dedication to financing ongoing feasibility studies and professional training initiatives aimed at enhancing productivity and profitability within the Lobito Corridor. The assurance came during discussions between European Commissioner Jutta Urpilainen and Angolan Minister of Transport, Ricardo Viegas D’Abreu. The primary focus of this meeting was to underscore the EU’s unwavering support for the development of the Lobito
Category: Central Africa
Ivanhoe Exports Copper Concentrate Using the Lobito Corridor
The first shipment of copper concentrate from the Ivanhoe Mines’ Kamoa-Kakula copper complex arrived by rail at the Atlantic Ocean port of Lobito, in Angola. The first shipment is a part of the trial tonnage under the memorandum of understanding (MOU) signed between Lobito Atlantic International SARL and Kamoa Copper S.A. on August 18, 2023. The rail line, linking the Democratic Republic of the Congo (DRC) Copperbelt to the port
Italy and the EU Strengthen Commitment to Lobito Corridor at the 2024 Italy-Africa Summit
This week’s Italy-Africa Summit witnessed the European Commission and the African Development Bank Group formalizing a €50 billion Financial Framework Partnership Agreement (“FFPA”). This agreement, coupled with Italy’s €5.5 billion strategic partnership unveiled at the summit, signifies a significant commitment to bolstering infrastructure, energy security, and economic development across Africa. 20 African leaders attended the summit, and 45 African states were represented, in Rome, Italy on January 28, 2024. The FFPA marks a 33% increase in