Biden Announces 600 Million Investment in African Railway Infrastructure

President Joe Biden has recently announced a substantial investment of $600 million to improve railway infrastructure in various African nations during his visit to Angola.

This funding is part of a broader strategy to strengthen U.S. investment in critical minerals infrastructure in Africa and counteract Chinese influence in the region.

The new financing builds upon a previous commitment of $553 million made by the U.S. International Development Finance Corporation for the Lobito Trans-Africa Corridor, which connects the Central African copperbelt to the Angolan coast.

In addition to rail infrastructure, the investments will also focus on agriculture, clean energy, and associated supply chains, as well as improving health and digital access within the country, according to statements from the White House.

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