Tag: Railway

  • Lobito rail concession gets financing boost as AFC helps structure the deal

    Lobito rail concession gets financing boost as AFC helps structure the deal

    Lobito rail concession gets financing boost as AFC helps structure the deal

    Reporting carried via Africa Newsroom says Africa Finance Corporation (AFC) served as co-financial adviser on Angola’s Lobito Atlantic Railway concession, linked to a major financing package to scale corridor capacity.

    The update describes the corridor as a logistics backbone for regional trade—especially for critical minerals moving from inland producers toward global markets, where delays and costs can reshape competitiveness.

    AFC says the plan is expected to raise corridor capacity sharply and reduce freight costs, which could influence where downstream processing and investment ultimately concentrate.

    AFC’s own release repeats the same core projections, including “ten-fold” capacity growth and an “estimated 30 percent” cost reduction. Reuters has also covered the Lobito Corridor push, quoting U.S. officials describing it as a “commitment to advance” strategic infrastructure.

    Echotitbits take:
    Lobito is fast becoming a “strategic corridor brand.” Watch execution: timelines, community impacts, security along the route, and whether lower costs actually translate into better prices and higher volumes for exporters.

    Source: Africa Finance Corporation (AFC) — January 2, 2026 — https://www.africafc.org/news-and-insights/news/africa-finance-corporation-acts-as-co-financial-adviser-for-angolas-lobito-atlantic-railway-concession
    Africa Finance Corporation (AFC) 2026-01-02

    Photo Credit: Africa Finance Corporation (AFC)

  • Amaechi reacts to calls for cancellation of rail station named after Tinubu

    Amaechi reacts to calls for cancellation of rail station named after Tinubu

    Minister of Transportation Rotimi Amaechi has reacted to criticisms from Nigerians who expressed discontent over the exclusion of former President Olusegun Obasanjo; ex-Chairman, Nigerian Railway Board late, Alhaji Waziri Mohammed and other notable Nigerians from the naming of rail stations.

    The Minister in a statement Friday night, said more prominent Nigerians will still benefit from the Federal Government’s naming of railway stations across the country.

    Ameachi, in the statement specifically reacted to the demand by rail workers union, that the late Alhaji Waziri Mohammed, chairman of the board, be honoured with a big railway station.

    READ ALSO: Buhari names train stations after prominent Nigerians, Awolowo, Soyinka, Ekweume, others

    The Nigerian Union of Railway Workers (NUR) actually wanted Amaechi to cancel the naming of the Apapa Railway Station after Asiwaju Bola Tinubu.

    Instead, the union wanted it named after Mohammed.

    According to the statement by Amaechi’s Media Assistant, Taiye Elebiyo-Edeni, Amaechi attempted to assuage ill-feelings.

    Amaechi said: “We are naming a bigger station after Waziri Mohammed.”

    The General Secretary of the (NUR), Mr Segun Esan, demanded the immediate reversal of the naming of the Apapa Railway Station to late Mohammed.

    READ ALSO:

    Nigerian government dismisses ‘zoning’ comment by President Buhari’s nephew, Daura

    According to him, Mohammed, until his death was the Chairman of Nigerian Railway Board.

    He said it would be proper to name the Apapa Station after Mohammed, who died while in active service, as a mark of his sterling contributions to nation building.