Luciano Chilembe, the financial administrator of the Catumbela Industrial Development Pole (PDIC), expressed satisfaction with the recent $320 million financing provided by the Group of Seven (G7) richest countries for projects in the Lobito Corridor. This funding is expected to significantly enhance the region’s infrastructure and economic potential. Chilembe emphasized the critical work ahead in the transport sector and the need for a focused approach to consolidate reforms in agro-industry
Category: Southern Africa
Angola-Zambia Road Project to Boost Trade and Economy in Eastern Angola
Economists and business leaders in Lunda-Norte believe that the construction of a road connecting Angola and Zambia, part of the Lobito Corridor initiative, will significantly enhance the flow of goods and services between Angola’s eastern provinces and the country’s coast. The project involves constructing an approximately 800-kilometer road from Lobito (Benguela) to Luau (Moxico) on the Angolan side. companies, including a consortium like SIbitech and Queiroz Galvão, as well as
MPDC Initiates Tender for Maputo Port Container Terminal Expansion
The Maputo Port Development Company (MPDC) has launched a public tender to engage engineering, procurement, and construction firms for the first phase of expanding the Maputo port container terminal, operated by DP World, a multinational logistics company based in the UAE. This expansion, announced in February following the extension of MPDC’s concession contract, aims to double the terminal’s capacity from 255,000 twenty-foot equivalent units (TEUs) to 530,000 TEUs. According to
Maputo Province Tightens Control on Cargo Trucks to Protect Roads
The government of Maputo Province is increasing control over cargo truck circulation to reduce road damage and curb the high costs of annual road repairs. During the tenth session of the Provincial Executive Council, government spokesperson Ludgero Gemo highlighted that significant road damage could be avoided if truck drivers adhered to established load limits. However, many drivers violate these restrictions, leading to further deterioration and increased need for rehabilitation. Gemo
Angola’s Ministry of Transport to Receive High-Performance Vessels for Port of Namibe in 2025
The Ministry of Transport will receive four high-performance vessels for the Port of Namibe in the first quarter of 2025, following a financing agreement with the Japanese Government. Signed on April 5th between Damen Shipyards Group and Toyota Tsusho, the contract includes the delivery of two ASD 2813 tugs, a Pushy Cat 1004, and a Stan Pilot 1905. Ricardo Viegas D’Abreu, Minister of Transport, emphasized the importance of ports and
Port of Luanda Recognized for Excellence in Leadership by ESQR
The Port of Luanda was honored in Brussels, Belgium, as one of the public companies with the best quality of leadership, according to a press release sent to JA Online. This distinction was awarded at a convention held by the European Society for Quality Research (ESQR), a European organization dedicated to promoting the improvement of quality management strategies for processes, services, and products on a global scale. The recognition, according
PROFLIGHT REINSTATES FLIGHTS TO KALUMBILA
Local airline increases access to North-Western Zambia Proflight Zambia has announced the return of scheduled flights to Kalumbila in North-Western Province beginning July 1, 2024, in a strategic move aimed at enhancing travel and bolstering economic growth in the region. “Proflight is excited to bring back flights to Kalumbila. Our commitment to provide best in-class air services while connecting local cities and inspiring journeys remains steadfast,” said Director of Flight
TAAG Offers Most Competitive Flight Prices for High-Demand July and August Period
Transportadora Aérea Angolana (TAAG) has been recognized for offering the most attractive flight prices during the high-demand months of July and August. For instance, on the Luanda-Lisbon-Luanda route, TAAG charged a minimum of 910,000 kwanzas for a direct flight of just over seven hours. In contrast, the Portuguese airline TAP, which also operates direct flights on the same route, charged 1,650 euros (1.5 million kwanzas). For airlines flying from Angola
The Impact of Lobito Atlântico Railways on the Benguela Railway Corridor
The management of the Benguela Railway (CFB) by the consortium Lobito Atlântico Railways (LAR), Trafigura, and Mota-Engil is expected to significantly enhance Angola’s Gross Domestic Product (GDP), contributing between $1.6 billion to $3.4 billion annually over the next 30 years. This projection was shared by LAR administrator Ottoniel Manuel during a discussion on the Girassol television channel under the theme, “The Impact of the Lobito Corridor on the Angolan Economy
Namibia and Zambia Forge Path to Seamless Trade with Katima Mulilo OSBP Agreement
Namibia and Zambia have taken a significant step towards enhancing regional integration and trade facilitation by formalizing their commitment to establish a One-Stop Border Post (OSBP) at the Katima Mulilo Border Post. Signed in Katima Mulilo, this bilateral agreement aims to streamline cross-border operations, combining immigration and customs procedures into a single process to reduce time and costs associated with border crossings. Representing Namibia, Zambezi Regional Governor Lawrence Sampofu, and