Angola, Zambia, Congo Set Up Joint Agency to Manage Key Trade Corridor
- Lobito corridor may transform shipping of region’s resources
- Zambia and Congo are key global suppliers of copper and cobalt
The Atlantic Ocean port of Lobito in Angola.
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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.