Biden Announces $600 Million Angola Railway Investment

President Joe Biden concluded his visit to Angola by announcing a $600 million investment in the Lobito Corridor railway project, aimed at enhancing the transport of critical minerals from the Democratic Republic of Congo and Zambia to the Angolan coast. This initiative is part of a broader U.S. strategy to strengthen ties with Africa and counter China's influence, which has dominated the continent's infrastructure investments. Biden described the project as a 'game changer,' emphasizing its potential to reduce transport times significantly and boost local economies. The railway is expected to connect nearly 2,000 kilometers of rail lines, making it the largest U.S. investment in an international railway project. Leaders from the region hailed the investment as a historic opportunity for economic transformation. This trip marks Biden's first visit to sub-Saharan Africa as president, underscoring the U.S. commitment to the continent's development.