US remains in talks on $500m for Angola’s rail corridor
The US International Development Finance Corp. is still finalizing more than $500 million in financing for the Lobito corridor, a railway project that will haul critical minerals from central Africa’s copper belt to an Atlantic port in Angola. The DFC is “actively negotiating” with stakeholders, including the Angolan government and Trafigura over the funding, Conor Coleman, head of investments at DFC, told reporters on the sidelines of the US-Africa Business Summit in Luanda on Monday. “We remain very committed to that project overall and we’re working tirelessly to make sure that project is effectuated.”
The US International Development Finance Corp. is still finalizing more than $500 million in financing for the Lobito corridor, a railway project that will haul critical minerals from central Africa’s copper belt to an Atlantic port in Angola. The DFC is “actively negotiating” with stakeholders, including the Angolan government and Trafigura over the funding, Conor Coleman, head of investments at DFC, told reporters on the sidelines of the US-Africa Business Summit in Luanda on Monday. “We remain very committed to that project overall and we’re working tirelessly to make sure that project is effectuated.”
