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Southern Africa

Zamcargo Declares First-Ever Dividend as IDC Hails Company’s Turnaround Strategy

May 19, 2025May 19, 2025 Constance Makungu

The Industrial Development Corporation (IDC) has commended Zamcargo for declaring its first-ever dividend of K4.2 million, marking a major milestone in the company’s growth and performance. IDC Chief Executive Officer, Cornwell Muleya, applauded Zamcargo’s board and management for their strong performance over the past two years, which led to this historic payout. “It’s a great pleasure to receive this return on the investment that Zambia has made through IDC, on

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Railway News Southern Africa

Zambia Railways Seeks Strategic Rail Partnerships at Africa Rail Conference

May 14, 2025May 14, 2025 Constance Makungu

Zambia Railways Limited (ZRL) has hailed the ongoing Africa Rail Conference in Johannesburg as a valuable platform to engage with key industry players and forge strategic partnerships aimed at strengthening Zambia’s railway system. ZRL Managing Director, Eng. Cuthbert Malindi, speaking from the conference, said the Zambian delegation is actively involved in high-level discussions and networking sessions with global stakeholders. He emphasized that a robust and efficient rail network is essential

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Central Africa Shipping News

DRC’s LMC Revives Maritime Ambitions with Acquisition of Two New Vessels

May 14, 2025May 14, 2025 Constance Makungu

In the Democratic Republic of Congo (DRC), the state-owned maritime company Lignes Maritimes Congolaises (LMC) is preparing to expand its fleet with the acquisition of two new vessels, according to Board Chairman Lambert Mende Omalanga. The announcement was made on May 6 in Matadi following a meeting with Kongo Central Governor Grâce Bilolo. “I came to inform Governor Bilolo that we are in the process of acquiring two vessels to

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Railway News Southern Africa

U.S. Commits $6 Billion to Boost Southern Africa’s Lobito Corridor

May 14, 2025May 14, 2025 Constance Makungu

The United States has announced the mobilization of nearly $6 billion to support the development of the Lobito Corridor—a key transport infrastructure project linking Angola, the Democratic Republic of Congo (DRC), and Zambia. The announcement was made on Saturday, May 10, 2025, by the U.S. State Department via its official account on the social platform X (formerly Twitter). The funding is designated for the development and construction of the Lobito

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Railway News Southern Africa

Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter

May 13, 2025May 13, 2025 Constance Makungu

Lobito Atlantic Railway (LAR) transported 50,235 tonnes of cargo between January and March 2025. Of this total, 18,202 tonnes were minerals, primarily copper. The operator of the Lobito Corridor has set an ambitious goal to reach one million tonnes of diverse cargo. In 2024, the corridor moved 125,000 tonnes of cargo, including 40,000 tonnes of copper. LAR is an Angolan company with a 20-year renewable concession to operate the Lobito

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Southern Africa

Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership

May 13, 2025May 13, 2025 Constance Makungu

Angola’s Minister of Transport, Ricardo Viegas d’Abreu, on Monday, announced a series of restructurings across central bodies and company boards, including the appointment of Amadeu Nunes as Executive Secretary of the Lobito Corridor Transit Transport Facilitation Agency (AFTTCL). This agency plays a key role in boosting trade along the Lobito Corridor and fostering cooperation among the participating countries. As part of the reshuffle, Clóvis Lara Martins Rosa was appointed Non-Executive

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Railway News Southern Africa

UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration

May 13, 2025May 13, 2025 Constance Makungu

The United Kingdom’s Ambassador to Angola, Bharat Joshi, has described the Lobito Corridor as a key infrastructure project for Angola’s economic growth and Southern Africa’s regional integration. Speaking on Wednesday in Luanda during the Angola–UK Business Forum, the diplomat highlighted the project’s transformative potential for millions living in historically underserved regions. “After visiting Benguela three times and meeting various partners in Lobito, I came to understand the true scale of

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Air Freight Southern Africa

Angola and Hungary Sign Bilateral Air Services Agreement to Boost Direct Connectivity

May 13, 2025May 13, 2025 Constance Makungu

Angola and Hungary have signed a Bilateral Air Services Agreement in Budapest, paving the way for the launch of direct flights between the two countries, with a particular focus on establishing a Luanda–Budapest route. The agreement also allows for potential expansion to other destinations across Central and Eastern Europe. According to a press release, the agreement was signed on Wednesday by Angola’s Minister of Transport, Ricardo D’Abreu, and Hungary’s Minister

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Railway News Southern Africa

Lobito Corridor Investment Opportunities Presented in Huambo

May 13, 2025May 13, 2025 Constance Makungu

Angola’s Ministries of Transport and Planning joined forces to host a seminar last Friday in the city of Huambo, aimed at showcasing the investment potential and opportunities along the Lobito Corridor. Held at the Manuel Rui Monteiro Cultural Center, the event focused on presenting the Railway Branch Line and Freight Terminal Project of the Caála Logistics Platform. It brought together local entrepreneurs from various sectors, including agriculture, livestock, transport, and

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East Africa Road Freight Southern Africa

Mozambique and Tanzania Strengthen Ties with One-Stop Border Post and New Cooperation Agreements

May 12, 2025May 12, 2025 Constance Makungu

Mozambique and Tanzania have signed an agreement to establish a One-Stop Border Post aimed at streamlining trade and facilitating the movement of people and goods between the two countries. The agreement was formalized on Thursday during Mozambican President Daniel Chapo’s first state visit to Tanzania. “The initiative represents the operationalization of a shared vision between two brotherly nations,” said President Chapo, who emphasized the deep cultural and linguistic ties between

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