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Lobito Atlantic Railway
The Lobito Atlantic Railway (LAR) is a joint venture, operating trains along the Benguela railway corridor from the coast of Angola into the Democratic Republic of Congo. Route The railway runs from Lobito, on Angola's Atlantic coast, 1700km eastwards to Kolwezi in the Democratic Republic of Congo (DRC), with a proposed link to Zambia. Joint venture The Lobito Atlantic Railway is a joint venture between Trafigura, Mota-Engil, and Vecturis, an independent rail operator. Trafigura plans to invest $455 million in Angola and up to $100 million in DR Congo. The G7 Partnership for Global Infrastructure and Investment (PGI) prioritizes infrastructure projects in developing countries, including through a series of investments in the Lobito Corridor to connect the African continent from sea to sea. In October 2023, PGI signed an MOU between the U.S., Angola, the DRC, the EU, Zambia, the African Development Bank, and Africa Finance Corporation to develop the Corridor, initiating a ne ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Railway Lines
International is an adjective (also used as a noun) meaning "between nations". International may also refer to: Music Albums * ''International'' (Kevin Michael album), 2011 * ''International'' (New Order album), 2002 * ''International'' (The Three Degrees album), 1975 *''International'', 2018 album by L'Algérino Songs * The Internationale, the left-wing anthem * "International" (Chase & Status song), 2014 * "International", by Adventures in Stereo from ''Monomania'', 2000 * "International", by Brass Construction from ''Renegades'', 1984 * "International", by Thomas Leer from ''The Scale of Ten'', 1985 * "International", by Kevin Michael from ''International'' (Kevin Michael album), 2011 * "International", by McGuinness Flint from ''McGuinness Flint'', 1970 * "International", by Orchestral Manoeuvres in the Dark from '' Dazzle Ships'', 1983 * "International (Serious)", by Estelle from '' All of Me'', 2012 Politics * Political international, any transnational organization of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Railway Lines In Angola
Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a prepared flat surface, rail vehicles (rolling stock) are directionally guided by the tracks on which they run. Tracks usually consist of steel rails, installed on sleepers (ties) set in ballast, on which the rolling stock, usually fitted with metal wheels, moves. Other variations are also possible, such as "slab track", in which the rails are fastened to a concrete foundation resting on a prepared subsurface. Rolling stock in a rail transport system generally encounters lower frictional resistance than rubber-tyred road vehicles, so passenger and freight cars (carriages and wagons) can be coupled into longer trains. The operation is carried out by a railway company, providing transport between train stations or freight customer facili ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belt And Road Initiative
The Belt and Road Initiative (BRI, or B&R), formerly known as One Belt One Road ( zh, link=no, 一带一路) or OBOR for short, is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 150 countries and international organizations. It is considered a centerpiece of the Chinese leader Xi Jinping's foreign policy. The BRI forms a central component of Xi's "Major Country Diplomacy" ( zh, 大国外交) strategy, which calls for China to assume a greater leadership role for global affairs in accordance with its rising power and status. It has been compared to the American Marshall Plan. , 149 countries were listed as having signed up to the BRI. Xi originally announced the strategy as the "Silk Road Economic Belt" during an official visit to Kazakhstan in September 2013. "Belt" is short for the " Silk Road Economic Belt," referring to the proposed overland routes for road and rail transportation through landlocked Centra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Katanga Province
Katanga was one of the four large provinces created in the Belgian Congo in 1914. It was one of the eleven provinces of the Democratic Republic of the Congo between 1966 and 2015, when it was split into the Tanganyika, Haut-Lomami, Lualaba, and Haut-Katanga provinces. Between 1971 and 1997 (during the rule of Mobutu Sese Seko when Congo was known as Zaire), its official name was Shaba Province. Katanga's area encompassed . Farming and ranching are carried out on the Katanga Plateau. The eastern part of the province is considered to be a rich mining region, which supplies cobalt, copper, tin, radium, uranium, and diamonds. The region's former capital, Lubumbashi, is the second-largest city in the Congo. History Copper mining in Katanga dates back over 1,000 years, and mines in the region were producing standard-sized ingots of copper for international transport by the end of the 10th century CE. In the 1890s, the province was beleaguered from the south by Cecil Rhod ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Port Of Lobito
The port of Lobito is an Angolan port located in the city of Lobito, in the province of Benguela. It is connected to the commercial area of the city and the neighborhood of Canata. It is located in Lobito Bay, which is separated from the Atlantic Ocean by the Lobito Peninsula. The port belongs to the Angolan government, which is responsible for its administration through the public company Porto do Lobito E.P.. This company was established to administer the license for terminals for loading and unloading, in addition to the passenger terminal. Together with the ports of Luanda (Luanda), Moçamedes ( Namibe), Soyo (Zaire) and Cabinda ( Cabinda), it forms the largest port complexes in the country. It is the largest port in the center of the country. The port is the outlet point of the Benguela railway, which carries cargo from the city of Tenke in the Democratic Republic of Congo. Another important outflow connection is made via the EN-100 highway. References {{reflist Lobi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Africa Finance Corporation
Africa Finance Corporation (AFC) is a pan-African Multilateral Development Financial Institution established in 2007 by sovereign African states to provide pragmatic solutions to Africa's infrastructure deficit and challenging operating environment. The Corporation bridges the infrastructure investment gap through the provision of debt and equity finance, project development, technical and financial advisory services. AFC's investment remit is pan- African, focusing on investment across makes investments across five key sectors; Power, Transport and Logistics, Natural Resources, Telecommunications and Heavy industries. AFC is majority owned by private investors the bulk of which are African financial institutions, Private investors own 55.3% of the corporation. A further 44.7% is owned by the Central Bank of Nigeria. In addition to private investors owning shares, AFC’s allows African states (through their respective central banks, sovereign wealth funds, state pension fu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
African Development Bank
The African Development Bank Group (AfDB) or (BAD) is a development finance institution, multilateral development finance institution headquartered in Abidjan, Ivory Coast, since September 2014. The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC). The AfDB was founded in 1964 by the Organisation of African Unity, which is the predecessor of the African Union. The AfDB comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund. Mission The AfDB's mission is to fight poverty and improve living conditions on the continent through promoting the investment of public and Capital (economics), private capital in projects and programs that are likely to contribute to the economic and social development of the region. History Following the Decolonization of Africa, end of the colonial period in Africa, a growing desire for more unity within the continent le ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Partnership For Global Infrastructure And Investment
The Partnership for Global Infrastructure and Investment (PGII) is a collaborative effort by Group of Seven to fund infrastructure projects in developing nations based on the trust principles of the Blue Dot Network. It is considered to be the bloc's counter to China's Belt and Road Initiative and a key component of the "Biden Doctrine". History The partnership plan was announced for the first time in June 2022 during the 48th G7 summit in Germany. According to an article by Center for Strategic and International Studies, PGII is the repackaged version of the Build Back Better World (B3W) initiative which President Biden announced at the 47th G7 summit in the United Kingdom. Blue Dot Network The Blue Dot Network (BDN) is a multi-stakeholder initiative formed by the United States, Japan, and Australia to provide assessment and certification of infrastructure development projects worldwide on measures of financial transparency, environmental sustainabi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
