Zambia, Angola sign Lobito concession deal
Published On September 27, 2024 » 578 Views» By Times Reporter » Business, Stories
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. Tayali

By ANDREW MULENGA –
ZAMBIA and Angola have finally signed a concession agreement with the Africa Finance Corporation (AFC) for the development of the Lobito Corridor Railway Project.
The United States Trade Agency (USTA) also announced a $2 million grant for the project’s Environmental and Social Impact Assessment (ESIA).
The signing ceremony took place on the margins of the 79th United Nations General Assembly held in the United States (US), New York.
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