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About Lobito Corridor Investment Promotion Authority

The Lobito Corridor Investment Promotion Authority ("LCIPA" or "the IPA") is a permanent multi-stakeholder engagement agency tasked to link all public and private entities interested in advancing and participating in the Lobito Corridor (the "Corridor"). Its main goals are to maximize and promote trade, investment, and economic integration among and between the three African nations of Angola, the Democratic Republic of Congo, and Zambia. 

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The concept of the IPA was birthed in 2023 by a group of experienced African experts with decades of experience doing business, promoting trade, and advising governments, DFIs, and multinationals operating in Africa. It is owned by Lerna Group LLC (john@lernagroup.com), the owner of several public-facing media platforms focused on investing and doing business in the emerging markets. 

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Lobito Intro Report

The Mission & Function

Understanding that the Private Sector shall be the main source of capital financing to stimulate the Lobito Corridor’s potential, the Lobito Corridor Investment Promotion Authority (“IPA” or “LCIPA”) envisions an open and efficient market in the geographical and sectoral reach of the corridor, by realizing the following as its mission to promote:

 

  1. An open and competitive economy through significant and longstanding private sector capital investments in the Corridor,

  2. A market-friendly multilateral treaties environment among participating nations housing the Lobito Corridor,

  3. A modernized and effective infrastructure, through road, rail, and air, to connect all ports and border posts of the Lobito Corridor, and

  4. Maximized social welfare along the Corridor, with active citizenry at the center of all economic activities in the region.

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As such, the LCIPA, once formed and operational, shall act as a tool and mechanism towards the aforementioned mission by performing the following functions:

 

  1. Serve as a primary information highway for education and familiarization with the history and state of the Lobito Corridor,

  2. Identify and explore existing and yet to be realized sectors viable for economic activity along the Corridor,

  3. Foster Public-Private Partnerships ("PPPs") in service to stimulate economic activity in the Lobito Corridor at national and bilateral levels,

  4. Engage and partner with regional bodies whose role is treaty formulation and ratification in service to the Lobito Corridor, and

  5. Provide advisory and policy analysis into the harmonization of legislation and trade culture for participants of the Lobito Corridor.

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Government & Company

PARTICIPANTS

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