DBSA approves $200m for Lobito Corridor Railway project

Development finance institution the Development Bank of Southern Africa (DBSA) has, alongside the US International Development Finance Corporation (DFC), approved funding of up to $200-million towards the Lobito Corridor Railway project, in Angola. The funding will support the construction and upgrading of the railway infrastructure, including the procurement of 50% of the required wagons from a South African local manufacturing company.