The Angola Sovereign Wealth Fund (FSDEA) has launched a $1 billion investment platform in collaboration with Haim Taib, entrepreneur and Founder of international firm Mitrelli and international impact fund Menomadin Group. Operating as an independent investment platform, the Lobito Corridor Impact Development (LCID) platform will support projects in various sectors across the Lobito Corridor ~ a trade route stretching accross Angola, Zambia and the Democratic Republic of the Congo (DRC).
Aimed at fueling industrial and human development, the platform will offer funding for projects in infrastructure, education, agriculture, digital inclusion and manufacturing. Taib and FSDEA have each committed $50 million to the platform, with LCID inviting institutional investors, sovereign partners and private financiers to contribute additional capital. The platform is currently working with Zambia’s public pension fund NAPSA to identify projects.
According to Taib, this is “a call for global investors to lead the development of this new trade route..the Lobito Corridor is not just a railway — it’s a new economic artery for Africa. This represents opportunities for future development by Africans, supported by global partnerships focused on trust, innovation and shared prosperity.”
Projects submitted for funding will be evaluated and selected by an independent investment committee via a tender process. Following approval, projects will be structured through a dedicated Special Purpose Vehicle. The platform will focus on projects that generate financial returns and align with the respective national development goals of Angola, Zambia and the DRC.
“This partnership reflects a shared commitment to smart capital and strategic partnerships that prioritize long-term impact. It’s an African-led model with global relevance. This is just the beginning. We are calling on more sovereign funds and global investors to join us in transforming the Lobito Corridor into a platform for scalable growth, prosperity and global partnership,” stated Dr. Armando Manuel, Chairman of FSDEA.
