The US is engaging Tanzania in the potential Lobito Corridor project to access the Kabanga nickel deposit, aiming to compete with China and develop the region. The project would link the corridor from the Atlantic to the Indian Ocean, enhancing investment opportunities in natural resources in Angola, the DRC, Zambia, and Tanzania.
Washington’s interest lies in harnessing Tanzania’s mineral resources, especially its nickel mines like the Kabanga deposit. This deposit, situated in north-western Tanzania, possesses substantial nickel sulphide deposits that are yet to be developed due to infrastructural challenges.
Nickel, essential for producing stainless steel and protective coatings, is a valuable metal. The Lobito Corridor will connect mining areas in Angola, Zambia, and the DRC, facilitating economic growth and integration in the region.
PGI initiative
The Lobito Corridor, part of the G7’s PGI initiative, involves railway and road construction to drive economic development. The US is committed to funding this ambitious infrastructure project to advance trade and connectivity in Africa, promoting sustainable growth across sectors.
Funding models
Diversified funding models, involving private sector investments and international support, ensure the success of the Lobito Corridor project. By aligning interests and mobilizing resources, the project aims to boost economic opportunities, connectivity, and development prospects in the region.
Lobito shipments
The refurbishment of railways and strategic partnerships with various stakeholders, including the US, EU, and AFC, demonstrates a collaborative effort towards the project’s success. This multi-faceted approach seeks to enhance commercial viability and secure investments for the corridor’s expansion and sustainability.
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