Africa-Press – Angola. In statements, the participants were unanimous in stating that the revitalization of the Lobito Corridor is also a unique opportunity that will allow businesspeople to take advantage of the mobilization of new international financing that the Executive is carrying out.
For economist Ernesto Jorge Gervambe, for example, the Lobito Corridor offers an excellent variety of opportunities in the local economy and in the maintenance of the agriculture, industry and services sectors.
The mobilization and investments being made will allow for large-scale agricultural production, capable of producing for domestic consumption and for export via this highly influential corridor in Southern Africa.
The same economic lever, he added, will allow the emergence of an industry capable of transforming agricultural surplus, with cutting-edge technology, with the prospect of competing on equal terms with other products produced by neighboring countries that will benefit directly from the Lobito Corridor.
The Services sector, he said, will also benefit, “as we will have the presence of tourists of different nationalities, capable of allowing cultural exchange and the hotel units will feel the direct impact with the occupancy of available rooms.
With the gain, he maintained, the entrepreneur will be able to obtain and apply for various national and international lines of financing.
For the economist, in this business environment everyone wins and the country reaches sustainable levels of development, adding that such indicators are the pillars for generating direct and indirect services.
Added value
Economist and accountant Alberto Caule Ngongo said that, as a result of the ongoing development, the Lobito Corridor is no longer a plan and has become a reality, and its impact has already begun to be visible, particularly in the city of the same name.
The Lobito Corridor, he said, is a transport route with an extension of over 1,000 kilometres, which passes through 3 countries, potentially rich in mining resources and with the implementation of this project, it brought to Lobito renowned companies with vast experience in the Transport and Logistics sector to join the Port of Lobito and the CFB and together make traffic happen with greater dynamism.
With the gain, he added, consequently, the number of micro, small and medium-sized companies will emerge, operating in the various support sectors (logistics, hotels, transport and even cultural) and in turn families will be increasingly empowered.
“The impact of the Lobito Corridor on local development has an impact on the framework of the transport sector as part of the tertiary economy, specifically the services area”, he maintained.
Economically, Alberto Caule Ngongo stressed, it is known that the greater the number of companies operating, the better not only in terms of the number of jobs they generate, but also in terms of the volume of taxes that the State will incur and “we know that the diversification of the Angolan economy depends on the diversification of sources of revenue, therefore, the impact of the Lobito Corridor will be positive, both for families, companies and the State itself.
Crucial route
Angolan businessman Adérito Areias highlights the Lobito Corridor as a crucial route for the region’s economic development.
The businessman repeatedly told that this transport corridor is a vital infrastructure that connects the port of Lobito to the interior of the African continent, facilitating trade and the movement of goods between Angola, the Democratic Republic of Congo and Zambia.
“The enhancement of this corridor will significantly boost the regional economy, improving connectivity and attracting more investment,” he said.
Economic development
In turn, the director of the Provincial Office for Integrated Economic Development of Benguela, Samuel Maleze, highlighted the importance of the Lobito Corridor for the country’s economic development.
Samuel Maleze has repeatedly stated that the corridor, which connects the port city of Lobito to several strategic points in the interior of Angola and neighboring countries, is vital to fostering regional trade.
The Lobito Corridor includes a railway line that facilitates the movement of goods between the port of Lobito and the interior provinces, as well as with the Democratic Republic of Congo and Zambia. This corridor has the potential to boost the economy by facilitating access to international markets, reducing logistics costs and attracting investment to sectors such as mining, agriculture and industry, he acknowledged.
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