Angola has secured $753 million in financing from the United States and South Africa to advance the Lobito Atlantic Railway, a strategic infrastructure project aimed at strengthening regional trade and transport links.
According to africa.businessinsider.com, the funding, provided by the U.S. International Development Finance Corporation (DFC) and the Development Bank of Southern Africa (DBSA), will support the expansion and modernisation of the rail corridor.
Officials say the project will enhance connectivity between Angola’s Atlantic coast and inland mineral-producing regions, boost exports and deepen economic integration across Southern and Central Africa.
This is to support the rehabilitation of Angola’s 1,300-kilometre Lobito railway corridor linking the mineral terminal at the Port of Lobito to Luau on the border with the Democratic Republic of Congo, Lobito Atlantic Railway.
Lobito Atlantic Railway (LAR) has secured $753 million in financing from the U.S. International Development Finance Corporation (DFC) and the Development Bank of Southern Africa (DBSA).
This is to support the rehabilitation of Angola’s 1,300-kilometre Lobito railway corridor linking the mineral terminal at the Port of Lobito to Luau on the border with the Democratic Republic of Congo, Lobito Atlantic Railway.
The Lobito Railway serves a broad range of users, including mining companies, regional traders, and logistics operators, offering access to global markets through the deepwater Port of Lobito.
In recent years, the corridor has gained strategic importance as governments and companies seek alternative and more efficient export routes for critical minerals from Central Africa.
Beyond exports, LAR said the railway also functions as a key import gateway, facilitating the movement of goods into inland markets.
The company added that the investment is expected to support domestic and regional economic growth, reinforcing the Lobito Corridor’s role as a catalyst for trade and development across sub-Saharan Africa.
