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Biden to announce millions in African Lobito corridor funding

Reuters | December 3, 2024 | 1:25 pm News Africa USA Copper 
Biden is expected to announce an additional $600 million in financing during his trip to Angola. Credit: POTUS official X account

US President Joe Biden is expected to announce on Wednesday an additional $600 million in financing for projects along the Lobito rail corridor during his trip to Angola, according to a senior administration official.

The funding for solar, critical minerals and telecommunications projects along the corridor comes during Biden’s first visit as president to Sub-Saharan Africa and the first by any US president to Angola.

(By Trevor Hunnicutt; Editing by Costas Pitas)

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