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Category: Transport and Logistics

European Investment Bank Shows Interest in Financing Zambia-Lobito Railway Line 1 Mining in Zambia Transport and Logistics 

European Investment Bank Shows Interest in Financing Zambia-Lobito Railway Line

Constance
The European Investment Bank (EIB) has shown keen interest in providing financial support for the Zambia-Lobito railway line project. EIB’s Vice President, Thomas Ostros, recently expressed the bank’s commitment to the initiative, pending the completion of feasibility studies by the Africa Development Bank (AfDB). During a closed-door meeting with Zambia’s President, Hakainde Hichilema, Mr. Ostros shared his optimism about the Zambia-Lobito railway project, emphasizing its viability and the potential for EIB involvement. The project, which aims to establish a railway connection between Zambia and Lobito, Angola, holds strategic importance for… Read More Here
Port Company Relocates 128 Workers to Lobito Atlantic Railway in Angola 2 Angola Corporate social responsibility Transport and Logistics 

Port Company Relocates 128 Workers to Lobito Atlantic Railway in Angola

Constance
The Lobito Port Company transferred, on Tuesday September 19th, 128 workers to the Lobito Atlantic Railway, as part of the award of the Mining Terminal, included in the Lobito Corridor infrastructure concession contracts to private institutions. Lobito Atlantic Railway, a subsidiary company of Mota-Engil, Trafigura and Vecturis,   guaranteed compliance with all clauses of the contract, so that the 128 workers transferred from the Porto do Lobito sphere to its organic structure have an integration that reflects the goals set by the Board.  During the event, income declarations were signed by the workers,… Read More Here
United States Commits $1 Billion Investment to Enhance Lobito Corridor Development 3 Angola Mining in DRC Mining in Zambia Transport and Logistics 

United States Commits $1 Billion Investment to Enhance Lobito Corridor Development

Constance
The United States of America (USA) has reaffirmed its commitment to invest a substantial one billion dollars in accelerating the development of the Lobito Corridor. This significant announcement follows President Joe Biden’s declaration, made in collaboration with European Union leader Von der Leyen during the recent G20 meeting. Helaina R. Matza, the Acting Special Coordinator of the Partnership for Global Infrastructure Investment (PIGI) within the US Department of State, expressed her strong optimism regarding the governments’ dedication to realizing this initiative. Speaking during a videoconference with journalists from Angola, Zambia,… Read More Here
China and Algeria Embark on 6,000km Railway Project 4 Transport and Logistics International 

China and Algeria Embark on 6,000km Railway Project

Constance
China and Algeria have forged a substantial collaboration aimed at building a network of railway lines spanning 6,000Km across North Africa. Algerian President Abdelmadjid Tebboune has hailed this as a critical step towards propelling Algeria’s socioeconomic development. The project is part of the two countries’ greater collaboration under the Belt and Road Initiative. The railway project, which will be supported by Chinese technical experience and building capability, will connect all towns and regions in Algeria. President Tebboune stressed the need for railroad infrastructure development as the “best guarantee of development.” The… Read More Here
Lobito Corridor Secures Support from U.S.-EU Partnership 5 Transport and Logistics Angola Mining in DRC Mining in Zambia Partnership 

Lobito Corridor Secures Support from U.S.-EU Partnership

Constance
The U.S. and the European Union (EU) have formed a partnership to provide technical and financial support for the development of the Lobito Corridor in southern Africa amid efforts by the country and bloc to stimulate investment in strategic infrastructure corridors worldwide. Through the partnership, the U.S. and EU will work collaboratively with Lobito Corridor host countries Angola, Zambia and the Democratic Republic of the Congo (DRC) to upgrade critical infrastructure and unlock economic benefits for the countries. The Lobito Corridor is a transregional infrastructure project connecting southern DRC and… Read More Here
South African mines get a faster route to Mozambique port 6 International Transport and Logistics 

South African mines get a faster route to Mozambique port

Constance
South Africa’s mining companies, losing out on billions of dollars in sales due to logistics bottlenecks, could soon have a quicker route to ports in neighboring Mozambique. The Logistics Co (TLC), indirectly owned by Old Mutual’s African Infrastructure Investment Managers, plans to open a trucks-only crossing at Komatipoort, just north of South Africa’s main Lebombo entry point into Mozambique. The project involves upgrading an existing service road along a railway line, and building a truck staging facility that will have customs and immigration offices on the outskirts of the town… Read More Here
US and EU Rally Behind Lobito Corridor Project for Trade Enhancement 7 Transport and Logistics Angola Mining in DRC Mining in Zambia 

US and EU Rally Behind Lobito Corridor Project for Trade Enhancement

Constance
The United States and the European Union have expressed their support for the development of the Lobito Corridor, a collaborative effort between Zambia, Angola, and the Democratic Republic of Congo aimed at promoting trade. In a joint statement released by the USA and the EU, they commended the recent commitment made by Angola, Zambia, and the Democratic Republic of Congo regarding the project. This announcement was made during the G20 Summit’s Partnership for Global Infrastructure and Investment event in India. As detailed on the White House website, the European Union… Read More Here
Lobito Corridor attracts new companies 8 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Lobito Corridor attracts new companies

Constance
Lobito Atlantic Railway (LAR), the consortium that, in July, won the tender for the concession of railway and logistics services for the Lobito Corridor, stated that it was satisfied with the expressions of interest from the main mining companies located along the route which, Leaving from the Angolan coast, it serves the Democratic Republic of Congo (DRC) and Zambia. “We are very pleased with the various expressions of interest from the main companies in Minas Gerais, which recognize the benefits of this new logistics route made available to them”, reads… Read More Here
Trafigura-Led Lobito Rail Upgrade Awaits Its First Users 9 Mining in DRC Battery Metals Cobalt Copper Mining in Zambia Transport and Logistics 

Trafigura-Led Lobito Rail Upgrade Awaits Its First Users

Constance
African metal producers are reluctant to make long-term commitments to use a railway a Trafigura-led consortium plans to upgrade, four sources with knowledge of the matter said. Known as Lobito Atlantic Railway, the consortium pitched the overhaul of the line, historically known as the Benguela Railway, that links resource-rich Democratic Republic of Congo (DRC) to the port of Lobito in Angola to bypass road congestion and avoid long delays on the copper and cobalt route. So far only Ivanhoe Mines is known to have signed a non-binding agreement to use the Lobito railway… Read More Here
The railway project linking Tanzania, Burundi and the DRC making progress 10 Transport and Logistics Mining in DRC 

The railway project linking Tanzania, Burundi and the DRC making progress

Constance
The President of Burundi, Evariste Ndayishimye, visited Kinshasa from August 27 to 28, announced the progress of the cooperation agreements signed in July 2021 between the Democratic Republic of Congo (DRC) and Burundi.  Among these agreements is the Memorandum of Understanding concerning the joint project for the development of a standard gauge railway (SGR) linking Uvinza, Musongati, Gitega, Uvira and Kindu, with a Gitega-Bujumbura-Uvira-Kindu section. During his statement, President Ndayishimye stressed the importance of this project for the Congolese, Burundian and Tanzanian populations, by promoting regional trade. He noted that the… Read More Here

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