About ZLR
Project Sponsor
The Zambia Lobito Railway is led by the Africa Finance Corporation, in partnership with the Governments of Zambia and Angola, and supported by an international coalition of development partners and advisors.
Project Sponsor - Africa Finance Corporation
The Africa Finance Corporation (AFC) serves as lead developer for the ZLR project, in partnership with the Governments of Zambia and Angola. Established in 2007 as a Public Private Partnership of sovereign African states, AFC has an investment footprint across 36 African countries with 43 African member states plus 3 multilateral members.
- AAAMoody's Rating
- A / A-1S&P Rating
- $14.4bnTotal Assets
- $3.9bnTotal Equity
- 194%Liquidity Coverage Ratio
- 33.6%Capital Adequacy Ratio
AFC maintains preferred creditor status, immunities and tax exemptions among member states. Cumulative disbursement exceeds US$13.2 billion across the continent.
Project Partners & Contributions
- European UnionEUR 2 million grant funding development activities.
- ItalyUSD 320 million capital commitment under the Mattei Plan.
- AfDBUSD 200 million loan toward the Lobito Corridor.
- Africa Finance CorporationUSD 500 million committed as lead developer and sponsor.
- AFC Capital PartnersUS$5 million committed for feasibility and project development.
- AngolaConcession Agreement signed; host government.
- ZambiaConcession Agreement signed; host government.
