Trading & Financial News
No Result
View All Result
Saturday, April 19, 2025
  • Login
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
Subscribe
Trading & Financial News
  • Economy
  • Markets
  • Forex News
  • Investing
  • Stock Trading
  • Crypto
No Result
View All Result
Trading & Financial News
No Result
View All Result
Home Markets

Trump renews push for Africa’s $4 billion regional rail corridor despite rising tariff tensions

by Tradinghow
April 7, 2025
in Markets
A A
0
Trump renews push for Africa’s  billion regional rail corridor despite rising tariff tensions
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


The U.S. decision to continue supporting the rail line—commonly known as the Lobito Corridor—signals a renewed commitment to strategic infrastructure development in Africa, even as global tariff tensions continue to escalate.

The confirmation came from a senior U.S. diplomat, indicating President Trump’s decision to continue with the project initially launched under his predecessor, Joe Biden.

The rail initiative, which has faced its share of political scrutiny and logistical hurdles, is now being repositioned as a cornerstone of U.S.- Africa economic engagement.

Originally launched as the Biden administration’s key effort in Africa, the $4 billion project appears to have the Trump team’s backing too, especially for its strategic mineral resources.

According to the BBC, the U.S. chargé d’affaires and acting ambassador to Angola, James Story, told reporters that the United States is “set to show our commitment to these projects.”

He added that Washington will continue “working with our partners to bring the project to fruition,” indicating the administration’s intention to stay the course despite broader geopolitical uncertainties.

The Lobito Corridor project

The Lobito Corridor project is one of the most ambitious rail initiatives in Africa, seen as a key effort to counterbalance China’s growing influence in the region.

Spanning across three African countries—Angola, Zambia, and the Democratic Republic of Congo (DRC)—the corridor is viewed as a crucial component of Africa’s regional integration strategy.

The rail route will provide a direct trade link between Central Africa’s mineral-rich regions and the Atlantic coast, facilitating the transportation of vital metals such as copper and cobalt, which are critical for industries like electric vehicles and artificial intelligence data centers.

The Lobito Corridor involves constructing an 800-kilometer rail line that will connect Angola’s Benguela Railway to Zambia’s Chingola Rail Line.

This will enhance the efficient movement of goods and promote investment in sectors like agriculture, mining, and energy.

The project’s first phase involves revamping an existing 1,300 km (800-mile) rail line through Angola and extending it into the Democratic Republic of Congo’s key mining region, allowing copper and cobalt to flow to the Atlantic coast.

A second phase under study would extend the line to include Zambia, Africa’s second-largest copper producer.

The project has garnered significant support from international entities, including the U.S. government, the European Union, the African Development Bank, and the Africa Finance Corporation (AFC), with funding commitments exceeding $1 billion.

The U.S. International Development Finance Corporation (DFC) has committed a $553 million direct loan for the rail line’s upgrade and operations.

This renewed U.S. interest in the project comes amid the implementation of President Trump’s new “Liberation Day” tariffs, which are reshaping global trade dynamics.

These tariffs have had a considerable impact on several African countries, including the three nations hosting the Lobito Corridor project—Angola, Zambia, and the DRC.

The U.S. government’s continued backing of the rail project shows the geopolitical significance of African trade routes as countries increasingly seek alternatives to traditional global supply chains.



Source link

https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB https://primexbt.investments/start_trading/?cxd=459_549985&pid=459&promo=[afp7]&type=IB
  • Trending
  • Comments
  • Latest
The Evolving International Cannabis Landscape

The Evolving International Cannabis Landscape

March 20, 2024
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

July 29, 2023
Emirates Steel drops interest in Thyssenkrupp steel unit

Emirates Steel drops interest in Thyssenkrupp steel unit

July 27, 2023
Uniswap Launches Permissionless Bridging Across 9 Networks

Uniswap Launches Permissionless Bridging Across 9 Networks

October 24, 2024
High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

High Street Retailers Pin Hopes On Discount Splurge In Black Friday Fever

0
UK Faces Two Decades of No Earnings Growth and More Austerity

UK Faces Two Decades of No Earnings Growth and More Austerity

0
Learn how to trade. For beginners

Learn how to trade. For beginners

0
Trading for beginners

Trading for beginners

0
After Wipro, Infosys gets target price cuts post weak Q4 earnings

After Wipro, Infosys gets target price cuts post weak Q4 earnings

April 19, 2025
Nigerian oil finds new buyer as Turkey’s largest refinery places fresh order

Nigerian oil finds new buyer as Turkey’s largest refinery places fresh order

April 18, 2025
5 Charts from a Volatile 2 Weeks

5 Charts from a Volatile 2 Weeks

April 18, 2025
Kim Soo Hyun breaks silence on financial trouble amid lawsuit discrepancy: ‘We did not fail to pay…’ | Web-series News

Kim Soo Hyun breaks silence on financial trouble amid lawsuit discrepancy: ‘We did not fail to pay…’ | Web-series News

April 18, 2025

Recent News

After Wipro, Infosys gets target price cuts post weak Q4 earnings

After Wipro, Infosys gets target price cuts post weak Q4 earnings

April 19, 2025
Nigerian oil finds new buyer as Turkey’s largest refinery places fresh order

Nigerian oil finds new buyer as Turkey’s largest refinery places fresh order

April 18, 2025

Categories

  • Business
  • Crypto
  • Economy
  • Forex News
  • Investing
  • Markets
  • More
  • Stock Trading
  • Trading for beginners

Site Navigation

  • Home
  • Contact Us
  • Stock Trading
  • Markets
  • Investing
  • Other Links
  • Privacy & Policy
Trading & Financial News

We bring you the fastest breaking news on Trading, forex, and finance submitted from credible and reliable news sources around the world.

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

No Result
View All Result
  • Contact Us
  • Home
  • Economy
  • Crypto
  • Investing
  • Markets
  • Forex News
  • Stock Trading

© 2023 Tradinghow Useful forex analysis and financial news, submitted by credible news sources around the world.tradinghow.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In