Angola: US-Backed Angola Rail Plan Gets $200m From Regional Development Bank

TLDR

• DBSA approves $200 million financing for Lobito corridor rail project transporting critical minerals from Central Africa to Angola’s Atlantic port
• US International Development Finance Corp provides $553 million funding for the project supporting the global energy transition
• Railway project integral for exporting essential minerals like copper and cobalt crucial for renewable energy technologies

The Development Bank of Southern Africa (DBSA) has approved up to $200 million in financing for…