Signature of US$100 Million First Round Equity to Lobito Corridor Impact Development Platform

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23 June 2025

At the heart of the day’s agenda was the formal signing of a $100 million co-investment agreement between FSDEA and the Menomadin Group, represented by its Founder, Mr. Haim Taib. Each institution committed US$50 million to establish the initial capital for the Lobito Corridor Impact Development (LCID) Platform, designed to mobilise up to US$1 billion for strategic sectors along the corridor.

'This US$1 billion platform is conceived as a transformative financial instrument to accelerate economic diversification across the Lobito Corridor,' stated Dr. Armando Manuel, Chairman of FSDEA. 'Through targeted investments in Zambia, Angola, and the Democratic Republic of Congo, it will support productive enterprise and industrial integration—laying the groundwork for the corridor’s full realization as a regional development engine.'

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