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Category: Transport and Logistics

US agency concludes assessment of Lobito Corridor 1 Transport and Logistics International 

US agency concludes assessment of Lobito Corridor

Constance
Experts from the International Development Finance Corporation (DFC), a US government agency specializing in supporting private sector financial projects, met last week with the Board of Directors of the Port of Lobito, at the end of an assessment mission of two days to the employees of the Lobito Corridor, which included contacts with the Benguela Railway. The meeting between the United States (USA) mission, led by the director for Structured Financial Operations at the DFC, Nancy Rivera, and the Board of Directors of the Port of Lobito lasted two hours,… Read More Here
Almost all roads lead to the Lobito Corridor 2 Transport and Logistics Angola Mining in DRC Mining in Zambia 

Almost all roads lead to the Lobito Corridor

Constance
It was only in 1931 that the first shipment of copper from Katanga arrived in Lobito, but the railroad that allowed to bring the riches from the then Belgian Congo, today the Democratic Republic of Congo, was born from a Portuguese law of 1899. At the head of the project was the Scotsman Robert Williams, who had been a friend of Cecil Rhodes and who understood the advantages of the Benguela Railway: for the Portuguese, it made it possible to link the Angolan coast to the Central Plateau and even… Read More Here
Presidents of Zambia and DRC meet in Benguela 3 Mining in DRC Mining in Zambia News in Brief Transport and Logistics 

Presidents of Zambia and DRC meet in Benguela

Constance
The Presidents of Zambia, Hakainde Hichilema, and of the Democratic Republic of Congo, Félix Tshisekedi, have already arrived in the city of Benguela to witness the signing ceremony of the Contract for the Transfer of the Concession of Railway Services and Support Logistics for the Lobito Corridor, which is scheduled to take place today, July 4th. According to the agenda, following their visit to the Benguela Railway, the statesmen will also receive explanations on the functioning of the port infrastructure. Read More Here
Lobito Corridor Vital for Zambian Economy 4 Mining in Zambia Economy Transport and Logistics 

Lobito Corridor Vital for Zambian Economy

Constance
The Zambian consul in Moxico highlights the importance of the Lobito Corridor for Zambia’s economic development. He also mentions that Zambia plans to purchase new locomotives to improve passenger comfort and goods transportation. The consul expresses confidence in Angola’s political stability and security. Regarding the official transfer of the concession of rail services and logistics support for the Lobito Corridor, the consul, as the Zambian consul in Moxico, shares his positive views on the role of the Benguela Railway in economic development. When asked about the construction of the railway… Read More Here
American investors in the Lobito Corridor evaluate the operability of the railway line 5 Transport and Logistics 

American investors in the Lobito Corridor evaluate the operability of the railway line

Constance
A North American business group, funder of the Lobito Corridor project, assessed on Wednesday, 28, the operational status of the CFB (Benguela Railway) railway line. It did so during a train journey of about hour and a half that started at Compão, the main station in the city of Lobito and ended at Calengue station, in the municipality of Caimbambo, on a journey of 118 kilometres. The delegation returned to the port city using national roads 260, 105 and 100 towards Caimbambo, Catengue, Benguela and Lobito. “We provided an important trip… Read More Here
DRC Unveils High-End Buses Built to Conquer Challenging Road Conditions 6 Mining in DRC News in Brief Transport and Logistics 

DRC Unveils High-End Buses Built to Conquer Challenging Road Conditions

Constance
The DRC will now have its own high-end, robust, and equipped buses to tackle road traffic conditions. This factory has a production capacity of 25 buses per month and meets the standards of the prestigious German brand, Mercedes Benz. The establishment of Suprême Motors is just a step that paves the way for other similar projects. It confirms that improving the business climate in the DRC is a reality acknowledged by foreign investors. Read More Here
Benguela Railway highlights advantages of the Concessionaire 7 Transport and Logistics International 

Benguela Railway highlights advantages of the Concessionaire

Constance
The Benguela Railway (CFB) has played a vital role in regional development and economic transformation since its establishment on May 26, 1902. By unlocking new regions and providing access to markets for manufactured products, the CFB has contributed significantly to the growth and diversification of the economy. Through strategic investments by the Angolan government, the railway company is poised to assume a fundamental role in driving economic development. The Caminhos-de-Ferro de Benguela has served as a unifying force, fostering cultural convergence and facilitating the formation of a railway working class… Read More Here
US Pledges $250 Million for Lobito Corridor Project 8 Mining in Zambia Transport and Logistics 

US Pledges $250 Million for Lobito Corridor Project

Constance
The United States government has allocated a substantial amount of US$250 million towards the development of the Lobito Corridor, which encompasses Zambia, Angola, and the Democratic Republic of Congo (DRC). During the G7 Leaders summit held in Japan on May 18 to 19, 2023, US President Joe Biden announced this commitment, according to Helaina Matza, the US Deputy Special Presidential Coordinator for Global Infrastructure and Energy. Matza further revealed that President Biden has also pledged a significant financial support of US$30 billion to assist emerging economies across the world. Matza… Read More Here
Japan Grants USD 300,000 to Rehabilitate Maréchal Bridge in Matadi, DRC 9 Mining in DRC Transport and Logistics 

Japan Grants USD 300,000 to Rehabilitate Maréchal Bridge in Matadi, DRC

Constance
The Government of Japan has approved the cost of the rehabilitation works of the Maréchal bridge in Matadi in the province of Kongo Central, the cost of which is estimated at 40 million Japanese Yen, equivalent to nearly 300,000 USD. The announcement was made by the Ambassador of Japan to the Democratic Republic of Congo, Minami Hiro, during an exchange, Thursday, May 25, 2023, with the Minister of Transport. According to the Japanese Ambassador to the DRC, the signing of the exchange of notes to record the start of work… Read More Here
Lobito Corridor and Ivanhoe’s work on the Kipushi border, set to transform regional logistics 10 Mining in DRC Mining in Zambia Transport and Logistics 

Lobito Corridor and Ivanhoe’s work on the Kipushi border, set to transform regional logistics

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United States announces support for development of Lobito Atlantic Railway Corridor at the 2023 G7 Summit ■ U.S. International Development Finance Corporation evaluating $250 million in financing for ‘key economic’ rail corridor connecting the Angolan port of Lobito to the DRC Copperbelt ■ Rail corridor passes through Western Foreland licences and within five kilometres of Kamoa-Kakula Copper Complex ■ Distance from Kamoa-Kakula to Angolan Lobito Ocean Port is approximately halved compared with Durban, South Africa, providing for significant potential logistics cost improvement ■ Lobito Corridor and other initiatives, such as… Read More Here

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