In a strategic push to reshape Africa’s economic footprint, Haim Taib, Founder of the Menomadin & Mitrelli Group, and Angola’s Sovereign Wealth Fund (FSDEA) have launched a $1 billion Lobito Corridor Impact Development (LCID) Platform. The initiative begins with a $100 million joint commitment—$50 million each from Taib and FSDEA—and aims to catalyze inclusive development across Angola, the DRC, and Zambia.

The LCID Platform is structured as an independent investment vehicle focused on projects in agriculture, light industry, infrastructure, healthcare, education, and digital inclusion. Each project will be vetted by an independent committee and executed through dedicated SPVs, inviting capital from sovereign, institutional, and private investors.

“This is a once-in-a-generation opportunity and a call for global investors to lead the development of this new trade route of the world,” said Taib. “The Lobito Corridor is not just a railway—it’s a new economic artery for Africa.”

Stretching from Angola’s Atlantic Port of Lobito through the DRC to Zambia’s Copperbelt, the corridor is poised to become a key global export route for critical minerals used in EVs, semiconductors, and renewable energy—a timely asset amid global supply chain realignments.

“The Lobito Corridor is more than infrastructure—it’s a catalyst for inclusive development,” said Dr. Armando Manuel, Chairman of FSDEA. “This is an African-led model—with global relevance.”

The platform aligns with the UN SDGs and seeks to mobilize global public-private capital for scalable, high-impact projects. Partnerships are already underway with Zambia’s NAPSA pension fund, and Taib’s group is expanding operations to Washington, D.C., to foster deeper engagement with U.S. investors, DFIs, and tech firms.