Copper: $9,245/t ▲ +2.1% | Cobalt: $24,800/t ▼ -1.3% | Lithium: $10,200/t ▲ +0.8% | Railway Progress: 67% ▲ +3pp Q4 | DRC Cobalt Ban: Active ▼ Quota System | Corridor FDI: $14.2B ▲ +28% YoY | DRC Copper Output: 2.85Mt ▲ +12% YoY | Zambia Copper: 780kt ▲ +5% | Copper: $9,245/t ▲ +2.1% | Cobalt: $24,800/t ▼ -1.3% | Lithium: $10,200/t ▲ +0.8% | Railway Progress: 67% ▲ +3pp Q4 | DRC Cobalt Ban: Active ▼ Quota System | Corridor FDI: $14.2B ▲ +28% YoY | DRC Copper Output: 2.85Mt ▲ +12% YoY | Zambia Copper: 780kt ▲ +5% |

Deal Tracker

Comprehensive tracker of every investment, deal, and financing commitment in the Lobito Corridor: $6B+ across DFC, EU Global Gateway, AfDB, World Bank, and private sector.

Deal Tracker · Database

Lobito Corridor Deal Tracker

Every investment, financing commitment, and commercial deal tracked, analysed, and independently assessed. The definitive record of $6B+ in corridor capital.

20
Deals Tracked
$6B+
Total Committed
3
Countries
12+
Investors
Total Tracked Corridor Investment
$6,000,000,000+
Across DFIs, bilateral agencies, multilateral institutions, and private sector commitments

DFI & Sovereign Financing

USA · DFI

US DFC Expanded Commitment

$1,600,000,000
Railway, port, road · 2024–25
Lead Western investor commitment covering rail rehabilitation, port expansion, and road infrastructure across Angola.
Active
USA · DFI

US DFC Initial Railway Financing

$553,000,000
Benguela Railway · 2023
Initial DFC commitment for Benguela Railway rehabilitation — the deal that launched the corridor.
Active
EU · Multilateral

EU Global Gateway

€2,000,000,000
Multi-sector · 2024–30
European Union corridor package through EIB and bilateral agencies — rail, road, energy, digital.
Active
International · DFI

World Bank DRC Rail Request

$500,000,000
Dilolo–Kolwezi Railway · 2025
DRC government request for Dilolo-Kolwezi railway rehabilitation — the corridor's DRC segment.
Pending
Pan-African · DFI

AFC Zambia Extension

$500,000,000+
Greenfield railway · Zambia
Africa Finance Corporation lead developer mandate for the Zambia rail extension — the corridor's most ambitious segment.
Development
Pan-African · DFI

AfDB Corridor Support

Concessional Package
Multi-country · 2024–28
African Development Bank concessional financing and technical assistance for corridor development.
Active
South Africa · DFI

DBSA Co-Financing

$200,000,000
Railway co-financing · 2024
Development Bank of Southern Africa co-financing — African institutional validation of the corridor.
Active
World Bank Group

MIGA Political Risk Insurance

Guarantee Coverage
Multi-country · 2024–25
Political risk insurance protecting corridor investors against expropriation, currency, and conflict risks.
Active
USA · Technical

USTDA ESIA Grant

$2,000,000
Environmental study · Zambia
ESIA funding for Zambia extension — the study that unlocks DFI financing for greenfield rail.
Active

Bilateral & Strategic Frameworks

Mining Expansions & Private Sector

DRC · Mining

Ivanhoe Phase 3 Kamoa Expansion

600,000+ T/Year
Kamoa-Kakula · Copper
Expansion to 600,000+ tonnes — making Kamoa-Kakula the corridor's anchor mine and world's second-largest copper operation.
Active
Zambia · Mining

Barrick Lumwana Super Pit

240,000+ T/Year
Lumwana · Copper
Major open-pit expansion transforming Lumwana into a top-tier copper producer — anchor demand for Zambia extension.
Feasibility
Zambia · Mining

FQM Kansanshi S3 Expansion

Major Expansion
Kansanshi · Copper-Gold
New smelter and increased throughput at Zambia's largest mine — First Quantum doubling down on the copperbelt.
Construction
Zambia · Discovery

KoBold Metals Mingomba

Anchor Discovery
AI copper discovery · Bill Gates-backed
AI-driven copper discovery potentially rivalling the world's largest deposits — the game-changer for Zambia extension economics.
Exploration
DRC / Angola · Processing

Kobaloni Battery Facility

$100,000,000
Battery materials processing
Battery-grade cobalt and copper processing — capturing value-chain revenue before export through the corridor.
Development
Angola · Mining

Pensana Longonjo Rare Earths

Strategic Rare Earths
NdPr rare earths · Angola
Non-Chinese rare earth source adjacent to Benguela Railway — strategic diversification for EV permanent magnets.
Development
DRC · Milestone

EGC First Artisanal Cobalt Shipment

Landmark Shipment
February 2026 · Artisanal cobalt
First artisanal cobalt export through the corridor — proving the concept for formalised mining supply chains.
Milestone

Methodology: The Deal Tracker includes publicly announced investments, financing commitments, and commercial transactions exceeding $1 million connected to Lobito Corridor infrastructure, logistics, or mineral supply chains. Deal values reflect announced commitments which may differ from actual disbursements. Status assessments reflect our independent analysis of publicly available information. This tracker does not constitute investment advice.

Data sources: Official government announcements, DFI press releases, company filings, verified media reporting. Independently produced by Lobito Corridor. Last updated: February 2026.

Related databases: Mine Profiles · Company Profiles · Mineral Profiles · Infrastructure Profiles · Community Profiles

AFC Zambia Extension Financing — Deal Tracker

Analysis of the Africa Finance Corporation

Feb 25, 2026

AfDB Corridor Support Package — Deal Tracker

Analysis of the African Development Bank

Feb 25, 2026

Angola N1 Road Upgrade EUR 381.5M

Analysis of the EUR 381.5 million N1 highway rehabilitation running parallel to the Benguela Railway — complementary road infrastructure for the Lobito Corridor.

Feb 25, 2026

Barrick Lumwana Super Pit Expansion

Analysis of Barrick Gold

Feb 25, 2026

China TAZARA Rehabilitation $1.4B

Analysis of China

Feb 25, 2026

DBSA $200M Co-Financing

Analysis of the Development Bank of Southern Africa

Feb 25, 2026

EGC First Artisanal Cobalt Shipment February 2026

Analysis of the first artisanal cobalt shipment through the Lobito Corridor by Entreprise Générale du Cobalt in February 2026 — a landmark for responsible artisanal supply chains.

Feb 25, 2026

EU Global Gateway EUR 2B Commitment

Analysis of the European Union

Feb 25, 2026

First Quantum Kansanshi S3 Expansion

Analysis of First Quantum Minerals

Feb 25, 2026

Ivanhoe Phase 3 Kamoa-Kakula Expansion

Analysis of Ivanhoe Mines

Feb 25, 2026

Kobaloni Battery Facility $100M

Analysis of the $100 million Kobaloni battery materials processing facility linked to the Lobito Corridor — adding value to African minerals before export.

Feb 25, 2026

KoBold Metals Mingomba Investment

Analysis of KoBold Metals

Feb 25, 2026

LAR 30-Year Railway Concession (2022)

Analysis of the 30-year Benguela Railway concession awarded to the Lobito Atlantic Railway consortium — Trafigura, Mota-Engil, and Vecturis — the foundational deal of the modern Lobito Corridor.

Feb 25, 2026

MIGA Political Risk Insurance

Analysis of MIGA political risk insurance coverage for Lobito Corridor investments, protecting investors against expropriation, currency inconvertibility, and political violence.

Feb 25, 2026

Pensana Longonjo Rare Earths Angola

Analysis of Pensana

Feb 25, 2026

US DFC $1.6B Expanded Commitment (2024–25)

Comprehensive analysis of the US DFC

Feb 25, 2026

US DFC $553M Railway Financing (2023)

Analysis of the US Development Finance Corporation

Feb 25, 2026

US-DRC Strategic Partnership December 2025

Analysis of the December 2025 US-DRC bilateral strategic partnership targeting 50% of DRC copper exports via the Lobito Corridor and strengthened critical minerals cooperation.

Feb 25, 2026

USTDA $2M ESIA Grant Zambia Extension

Analysis of the US Trade and Development Agency

Feb 25, 2026
Feb 25, 2026