Southern Africa
Central Africa
AfDB Signs On For Lobito Corridor Project
Bank to contribute US$500 million for the US$1.6 billion project.
The African Development Bank (AfDB) has signed a memorandum of understanding (MoU) to mobilise resources for the Zambia-Lobito railway and the Lobito Corridor, which connects Angola, the Democratic Republic of Congo (DRC) and Zambia.
The bank plans to contribute about US$500 million to the US$1.6 billion project through a blend of
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