Given its limited access to the sea, the Democratic Republic of the Congo (DRC) strongly relies on its neighbors, including South Africa and Tanzania, to export its copper. Angola may soon become a new shipping route, due to the slowness when passing through Tanzania and SA.
Last week, the first shipment of Congolese copper left the port of Lobito in Angola for the United States. Trafigura, part of the consortium managing the Lobito rail corridor and port, announced the departure on August 22. The copper cathodes were shipped from Kolwezi and arrived at Lobito six days later, confirming the Lobito corridor as the quickest export route for DRC copper. In contrast, reaching ports in Dar es Salaam, Tanzania, or Durban, South Africa, takes 14 and 25 days, respectively.
Before the recent shipment to the US, the DRC had sent some of its copper to Europe and the Far East, through the Lobito corridor. The European Union and the United States are financially backing the corridor's development to challenge China's dominance in copper supplies from the Central African Copperbelt, which mainly includes the DRC and Zambia. There are also plans to extend the Lobito corridor into Zambia.
MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...
Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...
China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...
Carlyle is assessing whether it can buy Lukoil’s foreign assets worth about $22 billion. The...
Niger installs 1,031 km of fiber across five national corridors Project aims to connect with Beni...
Transnet unveils 200th Traxx 23E locomotive in freight fleet renewal 240-unit order with Alstom aims to modernize rail and boost capacity Project...
Notes appear atop chats, support replies, and customizable duration Meta says update improves visibility and ease of use via profile “About”...
Togo’s President meets Putin to deepen bilateral ties in Moscow Talks focus on security, diplomacy, and opening embassies Russia, Togo advance...
ACBF assesses Togo’s progress in implementing AfCFTA commitments Study highlights national strategy, awareness campaigns, and technical committee...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...