The Lobito Corridor and Zambia’s election mark a Western bet on African copper, and a direct challenge to Latin America’s own copper mines.
Africa · Infrastructure
Key Facts
Loan approved The African Development Bank (AfDB) Board approved a US$255 million loan on 6 August 2026.
Grant added A US$10 million grant from the Rome Process/Mattei Plan Financing Facility accompanies the loan.
First tranche The package is the first tranche of a program that could reach about US$500 million.
The Zambia Lobito copper railway would send Copperbelt metal west to Angola's coast, backed by US and Western finance to rival…
Angola's Lobito rail wins fresh funding as Washington and Beijing fight for Africa's cobalt and copper. What it means for supply…
The Lobito Corridor railway wins a draft US$1.26 billion Congolese convention with Mota-Engil to rebuild 1,004.5 km of track…
A $753m US-backed railway from Angola to Congo shows how Washington, Africa and a Lusophone builder are racing China for the…
The Lobito Corridor has reopened to Congo's copper after flood repairs, restoring the West's flagship railway for African…
The project has achieved financial close on its financing package.
