In February of this year, the U.S. International Development Finance Corporation (DFC) announced groundbreaking financing to bolster the Lobito Corridor—a transformative 1,300-km railway linking Angola’s Port of Lobito with southern DRC and northwestern Zambia.
This initiative, supported by a consortium including the European Commission, African Development Bank, and Africa Finance Corporation, has already secured nearly $1 billion, marking the largest joint investment by the U.S. and EU in Africa in recent memory.
The Lobito Corridor stands out for its ability to garner widespread international backing, propelled by its alignment with the global energy transition and its economic links to U.S. and European markets.
As such, the project serves as a beacon for other ambitious African infrastructure endeavors seeking foreign investment and collaboration.
The forthcoming Invest in African Energy (IAE) forum in Paris will delve into this groundbreaking model, aiming to bridge Africa’s project pipeline with global investor interest.
For Africa, infrastructure projects like the Lobito Corridor represent pivotal opportunities, capable of catalyzing a ripple effect of local job creation and the emergence of value-added industries.
These ventures hold immense potential to transform regional economies and spur sustainable development across the continent.
