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

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Lobito Corridor (2)

The Lobito Corridor is a transregional infrastructure project connecting southern DRC and northwestern Zambia to global trade markets via Angola’s Port of Lobito. Initially, the U.S.-EU partnership will support the respective governments in the launch of pre-feasibility studies for the construction of a new railway line linking eastern Angola with northern Zambia. The U.S. has already provided financial support for the refurbishment of a line linking the Lobito Port with the DRC.

Thereafter, the U.S. and EU will facilitate investment and development in critical minerals and clean energy supply chains; digital access and technology transfer; capacity building and workforce development; economic diversification and SME support; and agricultural value chains amid food security and production concerns.

Additional areas of cooperation in the three countries include transport infrastructure; trade, economic development and transit; and fuel inclusive and sustainable economic growth. These initiatives aim to advance regional competitiveness and maximize opportunities created by the Lobito Corridor. The efforts by the U.S. and EU to support infrastructure development in southern Africa fall under the Partnership for Global Infrastructure and Investment, an initiative launched by G7 leaders in 2022 aimed at mobilizing finance and expertise for the development of multibillion infrastructure dollar projects worldwide.

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ANGOLA OIL & GAS 2023

The Angola Oil & Gas conference returns to Luanda for its third edition from September 13-14 this year under the theme, ‘Investing in Angola’s Oil and Gas Infrastructure is Investing in the Future.’ Building on the success of previous editions, the conference aligns with national efforts to initiate new investment, forge long-term partnerships and bolster project progress while solidifying the country’s position as a regional hub. Contact our sales team at sales@staging.energycapitalpower.com to see how you can participate in this exciting forum.

ANGOLA OIL & GAS 2023

The Angola Oil & Gas conference returns to Luanda for its third edition from September 13-14 this year under the theme, ‘Investing in Angola’s Oil and Gas Infrastructure is Investing in the Future.’ Building on the success of previous editions, the conference aligns with national efforts to initiate new investment, forge long-term partnerships and bolster project progress while solidifying the country’s position as a regional hub. Contact our sales team at sales@staging.energycapitalpower.com to see how you can participate in this exciting forum.

Charné Hollands

Charné Hollands

Charné Hollands is the Deputy Editor at Energy Capital & Power. She holds a Higher Certificate in Professional Photography and Masters in Media Studies from the University of Cape Town. Charné writes content for ECP's website and events as well as co-authored African Energy Chamber: Road to Recovery.

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