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Lobito rail project, oil prices

Angola secured additional financing from the US and other partners this week as it looks to press ahead with the Lobito rail project underlining the Trump administration’s transactional approach to the region as it aims secure access to critical minerals. Meanwhile, oil prices took a fresh leg down this week which is bad news for the likes of Nigeria and Angola but a boon for the rest of the region, where improving terms of trade are a key driver of our above-consensus growth forecasts for next year.

Note: This will be the last Africa Economics Weekly for 2025. The next Weekly will be sent on Friday 9th January 2026.

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