Biden to announce millions in African Lobito corridor funding, official says

Mota-Engil, SGPS

03/12/2024 21:00

LUANDA, Angola, Dec 3 (Reuters) - U.S. President Joe
Biden is expected to announce on Wednesday an additional $600
million in financing for projects along the Lobito rail corridor
during his trip to Angola, according to a senior administration
official.
    The funding for solar, critical minerals and
telecommunications projects along the corridor comes during
Biden’s first visit as president to Sub-Saharan Africa and the
first by any U.S. president to Angola.

 (Reporting by Trevor Hunnicutt; Editing by Costas Pitas)
 ((Costas.Pitas@thomsonreuters.com; Reuters Messaging: @Cpitas
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