The facility will be built within three to five years at a greenfield site near the existing port site.
The government is working with a US railway team on the Lobito Corridor Master Plan.
The investment is aimed at modernising and digitising ports in the economic hub of Lagos.
Revenue could go into research and development in aviation and marine transport.
Malawi is the latest to sign up to make the Tripartite Free Trade Agreement a reality.
The initiative is a global mission to make cricket more accessible through the donation of equipment and repurposed containers.
South Africa’s dismal outlook is out of step with the region.
Executives from Kenya Airways visited South Africa in March to establish fresh timelines.
As of September 2023, the African country's total publicly guaranteed debt reached $17.7 billion.
The government aims that any investments are sustainable and beneficial for the country in the long term.
A review of South Africa’s participation as a beneficiary no longer appears to be on the table.
International energy companies and their joint venture partners have discovered valuable oil reserves in the country in recent years.