Freight Trends Global

 The Development Bank of Southern Africa (DBSA) has approved funding of up to US$200 million towards the Lobito Corridor Railway Project in Angola, alongside the U.S. International Development Finance Corporation (DFC). This strategic infrastructure initiative, valued at approximately US$786.4 million, aims to enhance regional trade and transportation networks by providing an efficient and reliable railway connection from the Lobito Port on Angola’s Atlantic coast to the border with the Democratic Republic of

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A Chinese state-owned company is expected to finalize an agreement to take over the concession for the railway connecting Zambia’s copper mines to a Tanzanian port by the end of 2024, according to the Tanzania-Zambia Railway Authority (Tazara). Last week, the heads of state from Zambia, Tanzania, and China witnessed the signing of a memorandum of understanding (MoU) to rehabilitate the 1,860-kilometer (1,160 miles) railway, originally built in the 1970s

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Vandalism of rail infrastructure is costing South Africa nearly R5 billion each year, according to Transport Minister Barbara Creecy. This has significantly reduced the amount of freight transported via the country’s rail system. Speaking to the National Council of Provinces as part of a ministerial team addressing infrastructure challenges, Creecy emphasized the impact on the economy. She explained that to meet economic needs, the rail system should be transporting between

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The $700 million “Trans-Cunene” railway project, aimed at connecting Angola and Namibia, was presented last Thursday to the Provincial Government of Namibe by Namibian company Global Business Development (GBD). Harold Luttichau, head of the consortium, outlined the project, which includes building a new 400-kilometer railway from Lubango to Cunene and rehabilitating the existing line between Lubango and Moçâmedes. The project is expected to be completed within 15 months. “This rail

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Residents of Lobito in Benguela province have highlighted the significant benefits of the Lobito Corridor, emphasizing the creation of new business opportunities and the development of tourism in the region. Florinda Miranda e Silva, the general director of Lobito Regional Hospital, noted that the Corridor could also lead to the introduction of new medical specialties in local hospitals, improving healthcare services. She believes that the Lobito Corridor will attract tourists,

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