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Angola gears up to revolutionise the business landscape of Southern Africa by using private investment. The first step towards this is to transform the port of Lobito into the gateway of this region by privatising the port of Lobito and the Lobito railway corridor. It is also planning to make the province of Benguela the epicenter of trade and development in southern Africa.
Angola gears up to revolutionise the business landscape of Southern Africa by using private investment. The first step towards this is to transform the port of Lobito into the gateway of this region by privatising the port of Lobito and the Lobito railway corridor. It is also planning to make the province of Benguela the epicenter of trade and development in southern Africa.
Angola gears up to revolutionise the business landscape of Southern Africa by using private investment. The first step towards this is to transform the port of Lobito into the gateway of this region by privatising the port of Lobito and the Lobito railway corridor. It is also planning to make the province of Benguela the hub of trade and development in southern Africa. This initiative opens up a gateway from the Atlantic to the mineral-rich regions of the DRC and Zambia. The Atlantic port of Lobito, along with the Benguela railroad, makes up the Lobito corridor which reaches more than 1300 kilometres deep into the continent.
Port Lobito is the quickest export route for copper, cobalt, and other ores from Zambia, the Democratic Republic of the Congo, and beyond. Now that the railway is renovated, the Port of Lobito is also getting ready for a renaissance. The port of Lobito is a serious opportunity to create a network on the Atlantic coast to import and export goods and products from Zambia and the Democratic Republic of the Congo to the coast and an alternative to the Indian Ocean coast.
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Privatising the Port of Lobito and the Benguela Railroad is part of the Angolan government’s wider plan to diversify the country’s economy with the help of more private investment. The World Bank Group backs the idea. Foreign investment is already happening in Angola’s largest port, Luanda. DP World, the Dubai port management company, won the bidding for it early this year.
