Lead party: African Development Bank Group (ADF) (lender)
Coverage: The Meridian legal market record (editorial).
The AfDB approved a US$255 million loan and US$10 million grant for Zambia’s first Lobito Economic Corridor phase. Funds come from the African Development Fund and the Rome Process/Mattei Plan facility. It supports about 550 km of new railway linking Zambia to Angola and Lobito port. It also upgrades 105 km of the Mwinilunga–Jimbe road. Further phases could lift support toward US$500 million. No advisers are named.
Value (as reported): US$255m loan + US$10m grant.
Parties: Lender: African Development Bank Group (ADF); Borrower: Republic of Zambia.
Jurisdiction (as reported): Zambia / Angola · Sector (as reported): Transport / Rail.
Source: LinkedIn firm publication, posted 7 August 2026. Meridian record LI-DL-2026-0166.
