Why has G N A Axles Limited (GNA) been underperforming recently ✌️【Market Analyst】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. Why has G N A Axles Limited (GNA) been underperforming recently - Free Trading Strategy Suggestions ✌️【Market Analyst】✌️ Receive professional stock analysis with real-time updates on market movements. Make quick investment decisions and capitalize on profitable opportunities.
Why has G N A Axles Limited (GNA) been underperforming recently ✌️【Market Analyst】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. 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.
Why has G N A Axles Limited (GNA) been underperforming recently ✌️【Market Analyst】✌️ Professional stock market analysis, real-time data, and expert recommendations for high-potential stocks. Take advantage of market opportunities and improve your capital growth with strategic investment plans. 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.
Why has G N A Axles Limited (GNA) been underperforming recently ✌️【Market Analyst】✌️ Free stock data analysis tools to help you select stocks accurately and capture global market trends. Stay ahead with expert market predictions for better investment returns. Momentum behind the corridor connecting Africa’s so-called Copperbelt to the Atlantic Ocean comes as Beijing and Washington jostle for supremacy in green technology, driving demand for critical minerals like copper, lithium and cobalt.
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.
Why has G N A Axles Limited (GNA) been underperforming recently ✌️【Market Analyst】✌️ Real-time stock and futures data, backed by expert stock market trend predictions, to help you make timely and profitable investment decisions. That hasn’t gone unnoticed in Washington. In 2022, the US and its G7 allies formally launched the Partnership for Global Infrastructure and Investment (PGI), which is aiming to mobilize$600 billionin global infrastructure funding by 2027, to act as an alternative to the BRI.
Why has G N A Axles Limited (GNA) been underperforming recently ✌️【Market Analyst】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. 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.
Why has G N A Axles Limited (GNA) been underperforming recently ✌️【Market Analyst】✌️ Real-time stock market data, precise predictions, and investment strategies to help you optimize your portfolio and achieve financial success. Today, most of the minerals leaving the Port of Lobito go to Asia, said David Reekmans, the managing director of AGL Lobito Terminal, which in March took over the port’s operations. AGL is investing more than$100 millionto improve the port, which Reekmans hopes will lead to increased volumes flowing through it – and it may also act as a conduit for new trade flows.
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.
Why has G N A Axles Limited (GNA) been underperforming recently ✌️【Market Analyst】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. About 30% of Angola’s37 million peoplelive below the poverty line, and youth unemployment is widespread. Across the border in Zambia and the DRC, the proportion of the population living in poverty is closer to 60%.
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.
Why has G N A Axles Limited (GNA) been underperforming recently ✌️【Market Analyst】✌️ Accurate real-time market data and expert stock predictions for profitable investment opportunities in global markets. Related articleIntra-Africa trade could double in next five years, says Secretary General of African Continental Free Trade Area
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.
Why has G N A Axles Limited (GNA) been underperforming recently ✌️【Market Analyst】✌️ Expert stock predictions and free stock selection services to help you achieve optimal returns and long-term growth. And the initiative will be “absolutely critical” for the economies of the DRC and Zambia, Wamkele Mene, the Secretary General of the African Continental Free Trade Area, told 【 - Free Trading Strategy Suggestions 】. “It enables them to have access to a port, an efficiently run port. It gives them access to global markets and also to regional markets,” he said.
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 Trading Strategy Suggestions 】.
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.
Why has G N A Axles Limited (GNA) been underperforming recently ✌️【Market Analyst】✌️ Precise stock market trend predictions with free real-time quotes for India, US, and European stocks. Whether you're looking for short-term gains or long-term growth, our expert advice ensures you make the best investment choices.