News & Views
Angola is looking to revolutionise the landscape of Southern Africa. Using private investment, it wants to transform the port of Lobito into the gateway of this region. It is also planning to make the province of Benguela the epicentre of trade and development in southern Africa.
Renaissance work
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.
It's 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. Angola is privatising it with a 20-year concession to attract new investment and boost the economy.
Source : Euronews
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