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.
DRC minister visited Huawei China center to boost AI training cooperation Talks focused on launch...
DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...
China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...
Ghana to allocate $2.8B in 2026 budget for major road infrastructure push Funding targ...
Powered exclusively by Rolls-Royce Trent 7000, delivering 14 % lower fuel burn per seat and f...
Senegal plans CFA427 billion ($750.7 million) in agricultural spending for 2026, up 37.88% from 2025. The increase stems mainly from new planned...
The move, which gives African cocoa and coffee producers a reprieve, was driven by internal E.U. pressure and technical delays, drawing criticism from...
Namibia inaugurated its first telecom tower financed by the Universal Service Fund (USF) to extend 4G coverage to underserved rural areas. The...
Airtel launches a 4G smartphone financing plan with Itel’s entry-level A50 Customers pay in weekly installments via SmartCash after a...
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...