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Economy



US reaffirms commitment to Lobito Corridor project at USA-Africa Business Summit

During the USA-Africa Business Summit held in Luanda, United States officials reiterated their strong commitment to the Lobito Corridor project. This major railway link connects the port of Lobito in Angola to the Katanga province in the Democratic Republic of Congo and Zambia’s Copperbelt region. Troy......

Ryad Mezzour: Morocco remains committed to the AfCFTA

Morocco remains steadfast in its support for the African Continental Free Trade Area (AfCFTA), reaffirmed by Minister of Industry and Trade, Ryad Mezzour, during the 57th session of the Economic Commission for Africa (ECA) and the Conference of African Ministers of Finance, Planning, and Economic Development......

Morocco’s rising appeal for mining investment in Africa

Morocco is emerging as a prominent destination for mining investments, securing the fourth position among African nations. This achievement positions Morocco ahead of countries like the Democratic Republic of Congo and Zambia, showcasing its growing attractiveness in the sector. Several factors contribute......

Morocco, DRC, and Zambia Launch Electric Mobility Initiative in Lusaka

Africa’s automotive industry is poised for transformation as Morocco, the Democratic Republic of Congo (DRC), and Zambia collaborate on a pioneering electric mobility initiative. This regional effort, aimed at developing a robust electric vehicle (EV) value chain, was launched in Lusaka, Zambia,......

Africa's Lobito Project Civil Society Skeptical of Its Impact on the Local Economy

The Lobito Corridor is a large-scale infrastructure project that aims to connect Angola's Atlantic Ocean coast to the mining regions of the Democratic Republic of Congo (DRC) and Zambia. This project, which has garnered significant attention, is being promoted by US President Joe Biden during his......

The Lobito Corridor: G7's Catalyst for Unlocking Africa's Mineral Bounty

In a strategic move to bolster regional economic integration and sustainable development, the G7 nations have set their sights on revitalizing a critical trade corridor that traverses three mineral-rich African countries. The Lobito Corridor, a multimodal transportation network spanning Angola, the Democratic......

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