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AI Stock Picking Method Elite Investment Community Insights ✌️【Interview】✌️ Free stock selection services backed by expert predictions. Our advanced analytics and real-time market data will help you stay ahead of the competition and make smart, profitable investment decisions.
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AI Stock Picking Method Elite Investment Community Insights ✌️【Interview】✌️ Free stock selection services backed by expert predictions. Our advanced analytics and real-time market data will help you stay ahead of the competition and make smart, profitable investment decisions. In late August, a container vessel sailed out of Angola’s Port of Lobito carrying railway operator Lobito Atlantic Railway’sfirst shipmentof copper from the Democratic Republic of Congo (DRC) to the US.
It was a milestone moment for the Lobito Corridor, an initiative backed by a US and Europe that aims to create an efficient transport link from Africa’s mineral-rich interior to the port on its west coast for export, by rejuvenating and expanding old railways.
It took the copper six days to travel from the city of Kolwezi in the DRC – home to some of the world’s largest copper and cobalt reserves – across more than 1,300 kilometers (800 miles) of rail lines to the Port of Lobito.
AI Stock Picking Method Elite Investment Community Insights ✌️【Interview】✌️ Expert predictions of stock trends with real-time stock indices, futures, and metals, energy quotes to help you seize investment opportunities. That’s about 30 days faster than a road journey, according to Francisco Franca, the CEO of Lobito Atlantic Railway (LAR), a consortium of firmsthat took over operations of the railway in January. Franca says LAR is investing $250 million to improve the rail lines and telecommunications infrastructure in Angola, and add 1,500 wagons to its fleet.
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In recent decades, China’sBelt and Road Initiative(BRI) has bankrolled railways, highways, communications infrastructure, ports and mines across the developing world. That includes loans to refurbish the 100-year-old Benguela Railway in Angola which was badly damaged during a 27-year civil war that ended in 2002.
China has also invested heavily in the DRC, and its access to minerals in Africa has given ita leadin industries like electric vehicle battery production, according to analysts.
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AI Stock Picking Method Elite Investment Community Insights ✌️【Interview】✌️ Take advantage of our free stock market analysis and real-time data to help you choose the best investment options. Our expert predictions and tailored strategies ensure you can achieve stable returns and mitigate risks effectively. The US is providinghundreds of millionsof dollars of financing for the Lobito Corridor, aflagshipof the PGI, which is built on the bones of the Benguela Railway.
“This first-of-its kind project is the biggest US rail investment in Africa ever,” US President Joe Bidensaidduring a late 2023 visit by Angola’s president to Washington. “A partnership between Angola and America is more important and more impactful than ever,” he added.
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In the future, Reekmans expects a “diversion of minerals that are now going to Asia” to the US and Europe.
Feasibility studiesare under way for a second, more ambitious phase of the project, which will expand the railway 800 kilometers (500 miles) to Zambia. And the US hopes to one day extend the line to the Indian Ocean through Tanzania, connecting the east and west of the continent, although these plans could change under a Trump administration.
In September, Chinese President Xi Jinping hosted delegations from dozens of African countries at a summit seeking to strengthen ties amidpressure from the west. On the sidelines of the event, Beijing signed an agreement to redevelop a railway between Zambia and a Tanzanian port.
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Criticssay that the corridor’s focus on extracting and exporting raw materials will bring limited financial benefit to these countries. They argue that more focus should be put on developing local value-added processing.
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But projectproponentssay that the corridor will create thousands of jobs and catalyze the growth of myriad sectors.
“Lobito Corridor is not just a railway line, but is the economic development along the corridor,” said Franca, the CEO of LAR.
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On the ground, it could have some immediate impacts. Poor roads and telecommunications infrastructure make it difficult and expensive for the Angolan food production company Carrinho Industry to move grain from the farms where it’s grown to factories in the coastal city of Benguela, and finished products from the factories across the country, CEO Décio Catarro told 【 - Free Smart Money Stock Analysis 】.
For companies like his, the benefits of the Lobito Corridor are clear. “It’s very important in terms … of efficiency, of costs,” said Catarro.
“If we don’t have this logistic infrastructure installed in a country, it’s impossible to grow in the future,” he added.
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