Luanda - Presidents João Lourenço (Angola) and Joe Biden (United States) are already at the venue of the Multilateral Summit on the Lobito Corridor, which has among its main objectives the acceleration of the attraction of the necessary investments for it, which could interconnect the Atlantic and Indian Oceans.
At the premises of Grupo Carrinho, one of the largest business projects in the country, there are also Presidents Félix Tshisekedi (DRC), Hakainde Hichilema (Zambia) and the Vice President of Tanzania, Philip Mpango, who will also participate in the event.
The Lobito Corridor is a strategic route of great economic and logistical importance for Angola, neighboring countries and the Southern African region. It connects the Port of Lobito, located on Angola's Atlantic coast, with the country's inland regions and landlocked countries such as the Democratic Republic of Congo (DRC) and Zambia.
This important corridor serves as an essential route for the export and import of goods, particularly minerals such as copper, cobalt, and other resources mined in the DRC and Zambia. It offers access to the global market, reducing logistics costs for these countries.
With continuous investments and international partnerships, the Lobito Corridor has the potential to become one of the main transport and trade hubs in Africa, it also stimulates the economic growth of Angola's inland provinces.
The United States has invested significantly in the Lobito Corridor, with a recent financial contribution of US$1.3 billion.
This amount was made official in May 2024, as part of agreements signed between the US and Angolan governments.
The funding is earmarked for three major corridor-related infrastructure projects, with a focus on transportation, renewable energy and connectivity
In this region, US President Joe Biden, who has been in the country since Monday (2), will be on the last day of his three-day working visit to Angola. SC/DOJ
