Infrastructure financier Africa Finance Corporation (AFC) has signed concession agreements with the governments of Angola and Zambia for the financing, construction, ownership and operation of the Zambia Lobito rail project. The agreements pave the way for AFC to spearhead and complete the development of the railway. The agreements were signed on September 24 in a ceremonial signing hosted by US Secretary of State Antony J Blinken and the Biden Administration’s G7 Partnership for Global Infrastructure and Investment (PGI) on the sidelines of the seventy-ninth session of the UN General Assembly.