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AfDB, AFC join Lobito Corridor, Zambia-Lobito Rail Line project
Africa Finance Corporation (AFC) is appointed lead project developer, working with U.S., EU, Angola, DRC, Zambia, AfDB.
AFC secures $300 mn loan from CEXIM to boost trade finance in Africa
The two institutions have collaborated since 2018, with AFC receiving $400 million in bilateral loans from CEXIM to date.