Tag: logistics Africa

Lobito Atlantic Railway
BusinessHot News

AFC reaches financial close on $753 million Lobito rail project

Lobito Rail Project reaches $753M financial close, boosting Angola trade, copper exports and African logistics growth.

Timilehin Adejumobi Timilehin Adejumobi
South Africa’s Transnet secures $352 million French loan for ports and rail upgrade
BusinessTechnology

South Africa’s Transnet gets $352 million French funding for clean ports

South Africa’s state-owned logistics operator Transnet and France, through Agence Française de Développement, have signed a $352 million loan agreement worth about R5.86 billion. The deal is aimed at helping South Africa modernize its ports and freight rail network while reducing emissions across key transport corridors.  The agreement comes as South Africa continues to wrestle with persistent freight rail delays,…

Oluwatosin Alao Oluwatosin Alao