After several years of declining funding, the African end of the Belt and Road Initiative seems to be roaring back. The newest Griffith University/Green Development Finance Center data on the Belt and Road Initiative shows that engagement with Africa jumped by 395%, while a few big projects boosted engagement in Nigeria alone more than twelvefold.
These shifts indicate a window of opportunity for African electrification. 60% of Africans still ...
Tag: Lobito Corridor railway
Related Posts
U.S., EU Unveil Next Steps in the Expansion of Angola’s Lobito Corridor Railway
The United States and the European Union are moving forward with a plan to upgrade the 1,300-kilometer Lobito rail corridor that links the copper and cobalt belts in Zambia and the DR Congo with the port of Lobito in Angola. In separate ...
New Half-Billion Dollar Deal Aims to Position Angola’s Lobito Corridor as Main Gateway for Africa’s Critical Resources
The competition for access to critical metals used to manufacture electric vehicle batteries intensified with the announcement that Trafigura, a Singaporean-based commodity trading giant, is going to lead a consortium of European companies to rebuild a rail line poised to become one of Africa's most important logistics corridors. ...
The U.S. Helped Coordinate and Finance the New Lobito Corridor Deal
A Tweet by Amos Hochstein, the Biden administration's lead on infrastructure initiatives in developing countries, was the only indication last week of any U.S. involvement in the deal to rebuild the Lobito corridor in Angola. But behind the scenes, the U.S. ...
There May Actually be An Opening for the U.S. to Spur Development of Angola’s Lobito Corridor
When the United States government announced last month that it was in the midst of conducting due diligence for a $250 million financing package to develop the Lobito Atlantic Railway Corridor that connects the copper/cobalt belts in the DRC and Zambia with Angola's Port of Lobito, it raised ...
South Africa’s Decrepit Railway Infrastructure is Slowing Iron Ore Shipments to China
More than a million tons of South African iron ore is blocked from leaving the country, mostly bound for China, due to SA's failing railway infrastructure. The local unit of British-South African mining giant Anglo American, Kumba Iron ...
