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Crop production in the Lobito Corridor: the AfDB wants to invest around 150 million dollars

24/07/2023
Source : ORISHAS FINANCE
Categories: Companies

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Le ministre de l' Economie et de la Planification, Mário Caetano João indicated that the African Development Bank (AfDB) plans to invest around 150 million dollars in crop production, along the Lobito corridor

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After an audience with the president of Eximbank, Reta Jo Lewis, Mário Caetano João indicated that the AfDB has already committed to making this investment in Angola's strategic development corridor. The Lobito Corridor covers the mining areas of Katanga province in the Democratic Republic of Congo (DRC) and the Copperbelt in Zambia. It extends from Port of Lobito, crosses Angola from west to east, passing through the provinces of Benguela, Huambo, Bié and Moxico. The Multilateral Investment Guarantee Agency, a branch of the World Bank style="font-family: "Bookman Old Style”, "serif"">, wants to guarantee the operations of the consortium that won the public competition to manage the line Railway of the Lobito corridor outside the Bad

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