Readout of the Lobito Trans-Africa Corridor Summit
Washington, D.C. – On December 4, 2024, President Biden hosted the Lobito Trans-Africa Corridor Summit at the White House. The summit brought together leaders from Angola, Botswana, the Democratic Republic of the Congo, Namibia, Zambia, and Zimbabwe to discuss the development of the Lobito Trans-Africa Corridor.
The Lobito Trans-Africa Corridor is a transportation and trade corridor that runs from the port of Lobito, Angola, to the city of Walvis Bay, Namibia. The corridor is a vital link between the Atlantic and Indian Oceans, and it has the potential to significantly boost economic growth in the region.
At the summit, President Biden announced that the United States will provide $1 billion in funding to support the development of the Lobito Trans-Africa Corridor. This funding will be used to improve the corridor’s infrastructure, including roads, railways, and ports.
The United States is committed to working with its partners in Africa to develop the Lobito Trans-Africa Corridor. This corridor has the potential to transform the region, and it will play a vital role in promoting economic growth and prosperity in Africa.
Additional Information
- The Lobito Trans-Africa Corridor is approximately 3,000 miles long.
- The corridor is expected to be completed by 2030.
- The corridor is expected to create more than 1 million jobs.
- The corridor is expected to increase trade between Africa and the rest of the world by 50%.
Statements from Participants
- President Biden: “The Lobito Trans-Africa Corridor is a vital link between the Atlantic and Indian Oceans. This corridor has the potential to significantly boost economic growth in the region.”
- President Lourenço of Angola: “We are grateful for the United States’ support in developing the Lobito Trans-Africa Corridor. This corridor will be a major driver of economic growth in Angola and the region.”
- President Masisi of Botswana: “The Lobito Trans-Africa Corridor is a game-changer for Botswana. This corridor will give us access to new markets and will help us to diversify our economy.”
- President Tshisekedi of the Democratic Republic of the Congo: “The Lobito Trans-Africa Corridor is a vital link in the integration of Africa. This corridor will help us to connect our people and our businesses to the rest of the world.”
- President Geingob of Namibia: “The Lobito Trans-Africa Corridor is a key part of Namibia’s development strategy. This corridor will help us to attract investment and create jobs.”
- President Lungu of Zambia: “The Lobito Trans-Africa Corridor is a win-win for Zambia. This corridor will give us access to new markets and will help us to reduce our trade costs.”
- President Mnangagwa of Zimbabwe: “The Lobito Trans-Africa Corridor is a symbol of Africa’s future. This corridor will help us to connect our continent and to create a better future for all of our people.”
Readout of the Lobito Trans-Africa Corridor Summit
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