
USAID Pledges $235M for Angola’s Lobito Corridor Development
USAID Administrator Samantha Power announced a $235 million investment to bolster Angola’s National Development Plan, with a focus on the strategic development of the Lobito Corridor.
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USAID Administrator Samantha Power announced a $235 million investment to bolster Angola’s National Development Plan, with a focus on the strategic development of the Lobito Corridor.
The Critical Minerals Africa 2024 Summit will discuss opportunities for the DRC, Angola and Zambia to enhance the monetization of critical minerals and attract new investments leveraging the Lobito Corridor.
The AGL Lobito Terminal supports international trade of Angolan minerals and commodities.
A model for intra-African trade, the Lobito Corridor can be replicated across other segments of the southern African economy.
KBR is tasked with the engineering, procurement and construction phase of the Lobito Refinery in Angola.
Trafigura and Kamoa-Kakula have made a long-term commercial commitment to transport minerals along the Lobito Atlantic Railway for a minimum of six years.
The Lobito Corridor project connects the Democratic Republic of the Congo and Zambia to Angola’s Port of Lobito.
Angola’s Port of Lobito has recorded an increase of 7.57% in ship movement since 2022.
Ivanhoe Mines has announced its inaugural shipment of copper concentrate from the Kamoa-Kakula Copper Complex utilizing the Lobito Atlantic Rail Corridor.
Funding from the African Development Bank (AfDB) and global partners will fast-track the execution of the Lobito Corridor and Zambia-Lobito rail line.