Benguela - The Vice President of Tanzania, Philip Mpango, landed Wednesday in the city of Benguela to participate in the work of the Multilateral Summit that will analyze aspects related to the development and expansion of the Lobito Corridor.
Upon his arrival, at Paulo Teixeira Jorge Airport, Philip Mpango received welcome greetings from members of the central and local Government of Angola.
The Multilateral Summit will bring together the Presidents of Angola, João Lourenço, the United States of America, Joe Biden, who is in the country on a 3-day official working visit, the Democratic Republic of Congo (DRC), Félix Tshisekedi, and Zambia, Hakainde Hichilem.
Lobito Corridor
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 U.S. 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.
The Lobito corridor is a strategic route of great economic and logistical importance for Angola, neighbouring 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 axes in Africa, it also stimulates the economic growth of Angola's inland provinces. AFL/CRB/DOJ
