President Joe Biden's visit to Angola marks a significant effort to enhance U.S. investments in Africa, particularly through a $3 billion commitment to the Lobito Corridor.
The Lobito Corridor project, with backing from the U.S. and allies, is designed to bolster U.S. influence in Africa's critical minerals sector while countering China's investments.
White House spokesperson John Kirby emphasized that the corridor development reflects a transformative shift in U.S.-Africa relations, vital for aiding economic growth in the region.
This $3 billion project will improve infrastructure and facilitate the movement of raw materials across Africa, showcasing a strategic response to global economic competition.
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