Market
Will the Lobito Corridor railway project be completed by the end of 2025?
3
US•Joe Biden•Africa•Angola•Cabo Verde•China•Biden•Angolan•João Lourenço•Luanda•Lobito Corridor•African
Resolution / Starting Odds
Yes • 50%
No • 50%
Reports from the project stakeholders or government announcements
Story
President Biden Visits Angola and Cabo Verde, Highlights 1,100-Mile Lobito Corridor to Counter China
Dec 2, 2024, 07:46 AM
US President Joe Biden has embarked on his first official trip to Africa during his presidency, visiting Angola and the island nation of Cabo Verde from December 2 to December 4. This marks the first visit by a sitting US president to Angola. The trip aims to deepen US-Africa relations and counter China's growing influence on the continent. Biden is expected to meet with Angolan President João Lourenço in Luanda to discuss a range of global challenges and to highlight recent investments, including a major US-backed railway project, the 1,100-mile Lobito Corridor, which aims to divert critical minerals away from China by linking three countries. The visit fulfills Biden's promise to visit Africa before the end of his term and underscores the US commitment to strengthening ties with African nations.
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