Benguela Railway3 Feb 2023 13:24
Take note if you consider investing in mines in Angola, Zambia and Democratic Republic of Congo:
https://www.bloomberg.com/news/articles/2023-01-31/angola-zambia-congo-set-up-joint-agency-to-manage-key-trade-corridor
"Angola, Zambia and Democratic Republic of Congo agreed to establish a new agency that will oversee the development of a trade corridor to and from the Atlantic Ocean port of Lobito that has the potential to transform how the region’s resources are shipped.
The Lobito Corridor Management Institution will facilitate trade from Zambia and Congo over Angola’s 1,344-kilometer (835-mile) Benguela Railway, the three countries said at a ceremony in the Angolan port city last week. If the project materializes, it may serve as a key route to move metals used to make electric vehicles and wind turbines from inland mines to port, and cut transport times from weeks to days.
The agency will “ensure the availability of the Lobito Corridor to importers and exporters from the inland states of the DRC and Zambia as an efficient and economical supplement to other trade routes,” Ricardo Viegas D’Abreu, Angola’s transport minister, said in a speech, according to a transcript shared with Bloomberg."