In July 2022, Angola awarded a 30-year railway concession to a European consortium, rejecting a Chinese bid, while the US government announced over $560 million in funding for the Lobito Corridor project, aimed at enhancing mineral transport from Central Africa. President Biden emphasized the project's potential to drive economic growth and create jobs, while regional leaders highlighted the importance of local processing of minerals to benefit their economies. The Lobito railway, historically significant but troubled, is being revitalized to connect Zambia's copper mines to the coast, competing with Chinese infrastructure efforts.
Lebanon's foreign minister, Abdallah Bou Habib, stated that the government had no role in the decision to engage in war with Israel, emphasizing support for Hezbollah while opposing the conflict. He affirmed commitment to a U.S.-France brokered cease-fire and the implementation of UN resolution 1701, which aims to ensure Israeli withdrawal and control by the Lebanese Armed Forces. The ongoing conflict has severely impacted Lebanon's economy, with damages estimated at $8.5 billion, and the government is seeking foreign funding for reconstruction amidst significant challenges.
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