China Signs $1.4bn Tazara Railway Deal, Reviving Copperbelt Link Amid Lobito Corridor Rivalry

International business briefs: China, Zambia and Tanzania ink $1.4bn railway deal

In other business headlines, electric aircraft maker Beta Technologies files for IPO in US, Germany expects the US to apply a 15% tariff rate despite latest hikes, and more

China signs $1.4bn Tazara railway deal, reviving copperbelt link amid Lobito Corridor rivalry

China's deal with Tanzania and Zambia sets up a direct contest with the US- and EU-backed Lobito Corridor in Angola amid booming copper and cobalt exports from the Zambia–DRC copperbelt.

China Signs $1.4 Billion Deal for Mao-Era African-Rail Revival

China signed a deal with Zambia and Tanzania for the revitalization of a railway connecting the central African copperbelt with an Indian Ocean port.

Zambia : Zambia, China, Tanzania Seal $1.4b TAZARA revitalisation deal

Zambia, China and Tanzania have signed the TAZARA Revitalisation Project Agreements after more than a year and a half of negotiations. The 1.4 billion United States dollars project includes an initial investment of $1.1 billion and $238 million in re-investments. In a statement to media Ministry of Transport and Logistics Principal Public Relations Officer Ernest […]

China, Zambia, and Tanzania Sign $1.4bn Railway Deal

China, Zambia, and Tanzania have entered into a landmark USD 1.4 billion agreement to rehabilitate the Tanzania-Zambia Railway Authority (TAZARA), a crucial transport lifeline plagued with operational challenges. The deal, signed in Beijing on Monday, aims to restore, upgrade, and modernize the railway, which has historically served as a vital conduit for copper exports from Zambia and neighboring countries. According to an official statement re…

China signs deal with Zambia, Tanzania for $1.4bln railway upgrade

TAZARA offers a way to bypass logistics bottlenecks in South Africa that have slowed copper and cobalt exports