Post by Trafigura

As a shareholder of Lobito Atlantic Railway (LAR), Trafigura was honoured to attend a signing ceremony in Washington D.C. to mark the agreement of a USD753 million financing package from the U.S. International Development Finance Corporation and Development Bank of Southern Africa (DBSA) to support the rehabilitation of the 1,300km railway in Angola. Commenting on the milestone, Trafigura CEO Richard Holtum said: “We are pleased that Lobito Atlantic Railway has secured financing from DFC and DBSA to further advance the rehabilitation and operation of the line in Angola. As a shareholder of LAR, we see the railway as a key domestic and regional asset that will drive economic development and support the movement of critical metals to global markets.” The loan will enable upgrades to the railway’s track infrastructure, workshops, signalling systems, and rolling stock—enhancing the capacity, efficiency and reliability of the shortest and most direct import-export route between the Copperbelt mining region of the DRC and international markets via the Atlantic Ocean. Beyond its role as a vital export route for critical metals and minerals, LAR also functions as a critical import gateway, positioning the corridor as a powerful catalyst for domestic and regional economic growth across sub-Saharan Africa. Read more here: https://lnkd.in/e6svtumY Pictured, left to right: Ben Black (CEO, DFC), Manuel Mota (Deputy CEO, Mota Engil), Richard Holtum (CEO, Trafigura), Mpho Mokwele (Group Executive, DBSA) #ConnectingVitalResources #LobitoAtlanticRailway #CriticalMinerals