Lobito

In the bustling economic landscape of Angola, Sonangol, the nation's state-owned oil company, is entering a pivotal phase. They're deep in negotiations with both Chinese and European banks, aiming to bridge a $4.8 billion gap crucial for the Lobito refinery project. This initiative is not just a financial maneuver; it's a transformative leap towards energy independence. Imagine a refinery equipped to process a staggering 200,000 barrels of crude each day, reshaping Angola’s energy sector. According to Reuters, this…

A collaborative effort among various firms has welcomed the arrival of the initial set of 275 container wagons, designed to boost the transport capabilities of the Lobito Corridor project. This ambitious railway initiative stretches from Angola's Lobito port, reaching into the Democratic Republic of Congo and extending to Zambia. Unveiled in 2023 as part of the G7 Partnership for Global Infrastructure and Investment, this corridor is backed by both the United States and the European Union. Once fully operational, it…

The U.S. government is gearing up to embark on a significant railway initiative that extends from Angola to the Indian Ocean, passing through Tanzania. This ambitious venture, known as the Lobito Corridor, aims to create vital connections among various African nations, facilitating access to global markets while “bolstering regional trade and stimulating economic advancement.” On her latest visit to the area, Helaina Matza, the U.S. acting Special Coordinator for Partnership on Global Infrastructure and Investment, focused…