Biden visits Angola, a new conduit for US influence in Africa
President Joe Biden landed in Angola, marking the first time a sitting US president has set foot on its soil. This visit, a bold geopolitical move amidst uncertainty about the future of US-Africa relations under the incoming President Trump, aims to reshape Angola’s place in global affairs.
The focus of this trip: a massive infrastructure project, the Lobito Corridor. This ambitious 835-mile railway line will connect Angola’s bustling coastal port of Lobito to the Alaska region of the Democratic Republic of Congo. This project seeks to unlock the rich mineral deposits of central Africa, carrying critical substances like cobalt and lithium, vital for green technology, to the world.
While Africa has leveraging Chinese investment for years, the US sees the Lobito Corridor as a strategic counter, aiming for a foothold in a region where China’s influence has expanded considerably.
Edmilson Angelo, an Angolan Analyst, praised the project, stating, "It’s a perfect marriage of convenience."
The LoBito Corridor
This multi-billion dollar project, with backing from the U.S. and its G7 allies, represents a dramatic policy shift. It marks a departure from aid towards more direct investment in infrastructure – open to private sectors too- aiming to tap into Africa’s vast mineral wealth. Business Forward is spanned by the US Development Finance Corporation.
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Making a splash with the Benguela Railway
The American investment, however, intends to advance it further. The project promises broader benefits. In addition to bolstering the battery valued in Central Africa will see its resource link up to the West. The World Bank is pouring in money too – $500m- hoping to boost local economies along the way.
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