FINANCIAL TIMES
Few people have heard of the ‘Lobito Corridor’, but that’s about to change.
This multi-billion dollar idea will touch the lives of people around the world, and promises to put Angola, Zambia, the Democratic Republic of Congo & Tanzania at the heart of the global economy.
The huge mineral wealth of these four African nations is key to building a cleaner, greener future. If their geological treasures cannot be unlocked, the global fight against climate change is doomed to fail.
By investing billions of dollars in major new rail and road links - as well as transforming the region’s digital and energy infrastructure - the US, G7 and EU are hoping to secure the minerals that will power the green revolution and bring Africa more of the benefits of its astonishing natural bounty. It is also, at the same time, a move by the West to counter China’s dominance in the region –the latest gambit in a complex superpower rivalry.
But the scale of change promised by what could be Africa’s ‘Silk Road’ is only matched by the lack of awareness and understanding among ordinary people in the region and beyond.
What is the Lobito Corridor?
