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Has the fundamentals of Milestone Furniture Limited (541337) changed ✌️【Career Development】✌️ Expert market predictions with real-time global market, futures, metals, and energy data to help you stay in tune with market trends. 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.

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Has the fundamentals of Milestone Furniture Limited (541337) changed ✌️【Career Development】✌️ Precise stock selection service to help you avoid losses and quickly recover and grow. Provides real-time global market, metals, energy, and agricultural product data to assist you in making informed decisions. 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.

Has the fundamentals of Milestone Furniture Limited (541337) changed ✌️【Career Development】✌️ Free stock market analysis and real-time data to help you select the best investment portfolio and achieve stable returns. 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.

Has the fundamentals of Milestone Furniture Limited (541337) changed ✌️【Career Development】✌️ Expert predictions with real-time stock trends, futures prices, and exchange rate changes to help you select stocks accurately and increase investment returns. 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.

Has the fundamentals of Milestone Furniture Limited (541337) changed ✌️【Career Development】✌️ Free real-time stock data analysis to help you capture global market trends and steadily grow your capital. 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.

Has the fundamentals of Milestone Furniture Limited (541337) changed ✌️【Career Development】✌️ Expert predictions of stock trends with real-time stock indices, metals, energy, and agricultural product data to help you make efficient investment decisions. 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.

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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.

Has the fundamentals of Milestone Furniture Limited (541337) changed ✌️【Career Development】✌️ Professional investment advisors provide real-time market data to help you analyze stock trends and select high-potential stocks, increasing capital 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 Stock Market Expert Consultation 】. “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 Stock Market Expert Consultation 】.

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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