The Angolan authorities have just announced that AGL (Africa Global Logistics) was named the successful bidder for the Lobito container and conventional terminals, following an international call for tenders launched in January 2023.

AGL noted that the industrial project will improve the connectivity of the Lobito port platform with the support of MSC.

"It will boost trade in the region and support industrialisation efforts," AGL added. "The Port of Lobito will thus be involved in the development of agricultural projects, construction sites and tertiary service companies."

Port of Lobito — Angola's second-largest port — according to the statement, is "ideally positioned" to play a strategic role in the global energy transition, being the first Atlantic gateway to the Copperbelt region.

This port infrastructure will contribute to the transport of strategic minerals (copper, cobalt) to international markets.

To this end, the Port of Lobito will benefit from its connection to the existing 1,300 km Benguela railway network and to the future railway line to Zambia.

It will then reduce the time it takes to transport goods to Europe and the Americas.

Through a €100 million (US$106 million) investment plan, AGL said it's committed to increasing the attractiveness of the terminal and contributing to the economic and social development of the region.

The new concession will take effect in the first quarter of 2024.