![[Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years](https://theafricanbusiness.com/wp-content/uploads/2023/02/TALA-APP-360x180.jpg "[Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years 18")
New York, September 26, 2024 – The Presidents of Angola, João Lourenço, Zambia, Hakainde Hichilema, and the Democratic Republic of Congo (DRC), Félix Tshisekedi, are participating this Thursday in the Lobito Corridor Investment Forum, held on the sidelines of the United Nations General Assembly in New York. The forum, organized by the U.S. Chamber of Commerce and African partners, aims to foster dialogue on the development of the Lobito Corridor, a strategic railway line that will connect the three countries, with the goal of boosting regional economic growth.
With the theme “Paving the Way for Economic Diversification,” the event highlights the importance of the Lobito Corridor as a driver of development in key sectors such as mining, agriculture, healthcare, and infrastructure. During the forum, the three Heads of State will address the policies being implemented to ensure that the project brings long-term benefits to their nations. Additionally, the role of public-private partnerships in accelerating the corridor’s progress will be discussed, given its central role in fostering economic and commercial integration between Angola, Zambia, and the DRC.
The forum also includes discussions on the creation of employment opportunities for the region’s young population, as well as the potential for economic diversification beyond the minerals sector. The U.S. Chamber of Commerce, one of the event’s organizers, emphasizes the importance of attracting American investments to the project by promoting partnerships with the private sector. The Lobito Corridor is expected to transform the region by connecting natural resource production areas to global markets, contributing to the sustainable development of the three African nations.
