Luanda:Angolan President João Lourenço and Africa Finance Corporation (AFC) President and CEO Samaila Zubairu met to discuss the ongoing development of the Lobito Corridor. The discussions focused on preparations to engage an engineering, procurement, and construction (EPC) firm for a new railway line connecting Angola and Zambia.
According to Angola Press News Agency, the meeting emphasized the selection of a contractor for the cross-border railway project, as well as broader initiatives for infrastructure and economic integration.
The project aims to enhance market access, stimulate trade, and develop new economic ecosystems across the region. Discussions also included agricultural value chains, mining sector opportunities, and the construction of power transmission lines to support corridor operations.
Zubairu noted the initiatives' potential to generate youth employment and foster industrial projects within developing industrial parks along the route. The AFC reaffirmed its commitment to regional integration through strategic investments in Angola and Zambia.
The AFC, headquartered in Lagos, Nigeria, has invested nearly 1 billion US dollars in Angola's power, railway, logistics, and critical minerals sectors since Angola joined the organization in 2022 and became a sovereign shareholder in June 2025 with a capital commitment of 184.8 million US dollars.
