Public Management

President Biden to Visit Angola Next Month to Strengthen Ties

President Biden to Visit Angola Next Month to Strengthen Ties
Wednesday, 25 September 2024 18:00

Strengthening bilateral relations, advancing infrastructure projects, and transitioning to clean energy will take center stage in discussions between the American president and his Angolan counterpart.

President Joe Biden will visit Angola from October 13 to 15 to enhance economic relations and reaffirm the United States' commitment to Africa. The announcement came from White House Press Secretary Karine Jean-Pierre on Tuesday, September 24. 

During the visit, President Biden will meet with Angolan President João Lourenço. They will discuss ways to boost collaboration on shared priorities, including strengthening economic partnerships that keep American businesses competitive and protect workers. 

The talks will also focus on the Lobito Corridor project. This initiative aims to create a network of ports and railways connecting copper and cobalt mines in the Democratic Republic of the Congo and Zambia to regional and global markets through the port of Lobito in Angola. 

This “advances our joint vision for Africa’s first trans-continental open-access rail network that starts in Lobito and ultimately will connect the Atlantic Ocean to the Indian Ocean,” the White House emphasized. The project has received significant financial support from Washington in recent months. It is part of the Global Partnership for Infrastructure and Investment (PGII), a large program launched by the G7 to aid developing countries, aimed as a counter to China's Belt and Road Initiative. 

Biden is also expected to discuss strengthening democracy and civic engagement, boosting action on climate security, transitioning to clean energy, and improving peace and security. 

Jean-Pierre noted that Biden's visit to Luanda highlights the ongoing commitment of the United States to its African partners. It shows that collaborative efforts to address common challenges benefit both the American people and the entire African continent. 

After focusing diplomatic efforts on de-escalating tensions in the Middle East, where a violent conflict is occurring between Israel and Hamas, the United States seems to be refocusing on Africa. This comes as Russia and China are making significant gains on the continent through various engagements. 

At the U.S.-Africa Summit held in December 2022, President Biden pledged to invest $55 billion in Africa over three years, breaking from the previous administration's disinterest in the continent.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Zahid Group acquired 100% of Barloworld for 23 billion rand ($1.4 billion) through a consortium called Newco. The transaction triggered Barloworld’s...
Gabon’s banking penetration rate reached 25.06% as of Dec. 31, 2023, according to the BEAC. BCEG signed a partnership with Bamboo Microfinance on...
Sahel Capital provided a $2.4 million working-capital loan to Kuapa Kokoo Limited on Jan. 26, 2026. The financing flowed through SEFAA,...
Debt funding rose to $1.64 billion in 2025, a record for Africa Debt accounted for 41% of total start-up capital invested Kenya led debt...
Most Read
01

The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...

South Africa’s BoxCommerce Partners with Mastercard on SME Fintech Solution
02

Circular migration is based on structured, value-added mobility between countries of origin and host...

Circular migration as a lever to turn Africa’s student exodus into value
03

Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...

Togo accounts for 16.2% of cross-border bank financing in WAEMU
04

President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...

Nigeria approves targeted incentives to speed up Shell’s Bonga South West project
05

BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitiz...

BRVM Lists Burkina Faso’s First Securitization Fund Bonds
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.