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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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  • 55% of the sources are Center
55% Center
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THE TIMES OF AFRICA broke the news in on Wednesday, April 2, 2025.
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