Huambo and Moxico, in Angola, will have road and rail logistics hubs

31 October 2014

Angolan freight company AngoFret plans to invest US$52.7 million in building two road and rail logistics hubs in the Angolan provinces of Huambo and Moxico, serving the Lobito Corridor, according to an investment contract.

The contract signed with the National Agency for Private Investment (ANIP) outlines the launch of the project in January 2015, and the two hubs will be built in the municipalities of Huambo, in an area of ​​22 hectares, and Luena, on a 21-hectare plot.

The Lobito rail corridor is based on a rail link from the coast (port of Lobito) to the inner border of Angola (Luau), extending onwards to Zambia and the Democratic Republic of Congo, and is touted as a factor for development of that sub-region of Southern Africa.

The promoters of these two logistics platforms want to “contribute to the growth of the Angolan economy by increasing the distribution capacity of domestic production” and provide an “effective supply of consumables, equipment and food goods to the domestic market.”

AngoFret is an Angolan company that operates in the freight and logistics sector and owns multimodal logistics terminals and depots in the Benguela Railway (CFB) in Lobito, Catumbela, Huambo, Luena and Luau, and is controlled by the DT group , a partnership between the Cochan Ltd and Trafigura groups. (macauhub/AO)