Angola Hails Minerals Rail as Fix for Rising Africa Debt Burden

Angola’s finance minister hailed the Lobito Corridor, a railway project that will transport critical minerals from central Africa’s copper belt to an Atlantic port — as a model for funding infrastructure without adding to already high debt burdens.

The “project shows it’s possible to build successful partnerships anchored in private investment,” Vera Daves de Sousa said in a panel discussion at the US-Africa Business Summit in the Angolan capital, Luanda, on Wednesday. “It doesn’t add pressure to economies already managing high debt levels, while still addressing the continent’s massive infrastructure gap.”