Official newsletter of the Lobito Corridor Investment Promotion Authority presenting news, views, and announcements impacting the Lobito Corridor.
Welcome to Thoughts on the Corridor, the official newsletter of the Lobito Corridor Investment Promotion Authority and section of Afrika Vantage, your insider's guide to investing and doing business on the African continent.
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Lobito Corridor News
🚨 Biden Makes Historic First Visit by US President to Angola
The Lobito Corridor is in the spotlight as outgoing President Biden visits Angola to highlight progress on this key initiative. Here’s a timeline of events surrounding the visit:
December 2022: Biden pledges Africa visit at U.S.-Africa Summit.
November 2023: Biden hosts Angola's President Lourenço, setting visit foundation.
September 24, 2024: Biden confirms Angola trip for October.
October 2024: Biden's Angola visit postponed due to hurricanes.
November 26, 2024: Briefing on upcoming Angola visit.
December 1, 2024: Biden departs for Angola.
December 2-4, 2024: Biden in Angola in part to push Lobito Corridor discussions.
🎦 “The Future Runs Through Angola, Through Africa,” Declares Biden
[videos for subscribers only]
📰 Important Announcements During Angola Visit
Lobito rail project will break ground by early 2026, AFC CEO Zubairu says at Presidential forum
AFC commits up to $500 million in financing for Zambia-Lobito greenfield rail
AFC announces MOU with Kobold Metals as anchor client, guaranteeing at - least 300,000 tons of copper and related freight per year
AFC pledges $100 million to Kobaloni Energy for Zambia’s first battery-grade copper sulphate facility
📸 U.S. Has Increased Support for Africa’s Critical Minerals
🎦 Africa Finance Corporation Explains Why the Lobito Corridor Matters
AFC’s CEO, Samaila Zubairu, urged support for Lobito Corridor at a round table with the Presidents of the U.S, Zambia, Angola, and the DRC attending.
[video for subscribers only]
