Biden Concludes Historic Africa Trip with $4 Billion Investment in Lobito Corridor

The outgoing president's landmark visit to Angola highlights U.S. efforts to counter China's influence through infrastructure investment and economic partnership.

President Joe Biden announced an additional $560 million in U.S. funding for the Lobito Corridor, bringing total American investment in the trans-African railway project to over $4 billion.
The Lobito Corridor aims to significantly reduce transport times for critical minerals like cobalt and copper from 45 days to 45 hours, boosting global supply chains for tech and clean energy industries.
Biden's visit to Angola marked the first by a sitting U.S. president, with the administration framing the project as a sustainable, transparent alternative to China's Belt and Road Initiative.
Biden toured the Lobito port and met with leaders from Angola, Zambia, Tanzania, and the Democratic Republic of Congo to discuss the railway's development and its potential for economic transformation.
The trip, occurring in the final weeks of Biden's presidency, underscores U.S. efforts to establish long-term partnerships in Africa, though questions remain about the project's completion and future U.S. commitment under President-elect Donald Trump.