Benguela – Angolan President João Lourenço arrived this morning in the city of Benguela, where today, Wednesday, he will participate in the Multilateral Summit on the Lobito Corridor.
The Summit will be attended by the President of the United States of America, who is in the country on a 3-day working visit, at the invitation of his Angolan counterpart, João Lourenço.
The event will also be attended by the presidents of the Democratic Republic of Congo (DRC), Félix Tchissekedi, of Zambia, Hakainde Hichilem and the vice president of Tanzania, Philip Mpango.
Issues related to the development and expansion of the Lobito Corridor will be at the center of the discussion
The Lobito Corridor is a strategic route of great economic and logistical importance for Angola, neighboring countries and the Southern African region. It connects the Port of Lobito, located on Angola's Atlantic coast, with the country's inland regions and landlocked countries such as the Democratic Republic of Congo (DRC) and Zambia.
This important corridor serves as an essential route for the export and import of goods, particularly minerals such as copper, cobalt, and other resources mined in the DRC and Zambia. It offers access to the global market, reducing logistics costs for these countries.
With continuous investments and international partnerships, the Lobito Corridor has the potential to become one of the main transport and trade hubs in Africa, it also stimulates the economic growth of Angola's inland provinces.
The United States has invested significantly in the Lobito Corridor, with a recent financial contribution of 1.3 billion dollars.
This amount was made official in May 2024, as part of agreements signed between the US and Angolan governments.
The funding is earmarked for three major infrastructure projects related to the corridor, with a focus on transport, renewable energy and connectivity. AFL/CRB/DOJ
