US is negotiating a minerals deals with conflict-hit Congo, Trump official says
- The United States is committed to funding the Lobito rail corridor to transport minerals from Central Africa, despite spending cuts, according to a U.S. Diplomat.
- The U.S. International Development Finance Corporation has pledged a $550 million loan for the project, which aims to counter Chinese control over copper and cobalt supplies.
- U.S. Ambassador to Angola, James Story, stated that funding for the Lobito corridor is not at risk and that projects are proceeding as planned.
- Lobito Atlantic Railways CEO Francisco Franca mentioned that financing contracts are currently in the final stages.
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After tariffs, US dangles billions of dollars in Congo mineral investment
The United States is in talks to invest billions of dollars in mineral-rich Congo and wants to help end a conflict raging in the country's east, President Donald Trump's senior adviser for Africa said during a visit on Thursday.
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Total News Sources73
Leaning Left14Leaning Right6Center24Last UpdatedBias Distribution55% Center
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C 55%
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