Home
FacebookTwitterSearchMenu
  • Subscribe
  • Subscribe
  • News
  • Features
  • Knowledge Library
  • Columns
  • Customs
  • Jobs
  • Directory
  • FX Rates
  • Categories
    • Categories
    • Africa
    • Air Freight
    • BEE
    • Border Beat
    • COVID-19
    • Customs
    • Domestic
    • Duty Calls
    • Economy
    • Employment
    • Freight & Trading Weekly
    • Imports and Exports
    • International
    • Logistics
    • Other
    • People
    • Road/Rail Freight
    • Sea Freight
    • Social Development
    • Technology
    • Webinars
  • Contact us
    • Contact us
    • About Us
    • Advertise
    • Send us news
    • Editorial Guidelines
Imports and Exports
Road/Rail Freight

Largest African rail investment for Angola by US

04 Dec 2023 - by Staff reporter
 Source: 123RF
0 Comments

Share

  • Facebook
  • Twitter
  • Google+
  • LinkedIn
  • E-mail
  • Print

The White House has announced that a billion dollars has been mobilised for what it says is “the biggest rail investment in Africa in our history” and it will also be active in promoting maritime development and security in Angola.

A statement from the White House said that the meeting between President Joe Biden and Angola’s President João Manuel Gonçalves Lourenço of Angola at the White House last week had focused on discussions regarding significant US economic investment in Angola, including through the president’s flagship Partnership for Global Infrastructure and Investment (PGI) in the Lobito Corridor, with over a billion dollars in US financing committed to it, and $250 million earmarked for the next year.

All these investments will advance Angola’s goal of becoming a net food exporter by 2027 and strengthening regional food security.

“These investments include support for over 180 rural bridges, upgrading 4G and 5G digital connectivity across the nation, introducing the first-ever mobile money application, and bringing 500 megawatts of solar power to the grid, with an additional billion mobilised for the biggest rail investment in Africa in our history,” its statement read.

The two leaders committed to increased partnership on issues that define a shared future, including strengthening democracy, energy production and exportation, and space cooperation. To that end, they welcomed the launch of a US–Angola Energy Security Dialogue in 2024 focused on the secure and stable supply of energy and deeper commercial ties while advancing shared climate goals.

For his part, Lourenço said Biden was the first US head of state to change the paradigm of cooperation with Africa. He recalled that at the US-Africa Summit in 2022, the US president had pledged to look at Africa with new eyes, investing in the construction of infrastructure necessary for the development of the continent.

The Angolan head of state underlined that the US involvement in the Lobito Corridor and other projects in the telecommunications and clean energy sectors demonstrated this commitment.

Angola is currently the US's third-largest trading partner in sub-Saharan Africa, with oil as one of the main assets of this strategic partnership.

In addition to the oil sector, bilateral cooperation has increased in recent years, especially in the area of commercial diplomacy, which has made it possible to approve various projects.

In terms of renewable energy, for example, funding totalling $900 million has been approved for projects developed by the American company, Sun Africa, while in infrastructure a total of $363m was approved this year for the American company Acro Briz to build metal bridges in 18 provinces of Angola.

The US is to cooperate in maritime security advancement as well. The two nations recently signed a memorandum of understanding in the security sector to strengthen relationships in maritime security and equipment supply. ELJ/AMP

Sign up to our mailing list and get daily news headlines and weekly features directly to your inbox free.
Subscribe to receive print copies of Freight News Features to your door.

Road rot – Viljoenskroon highlights deteriorating infrastructure

Logistics
Road/Rail Freight

It begs the question how Transnet is going to bring about change in how we move freight.

45 minutes ago
0 Comments

BMA steps in to help DG and FMCG cargo at Groblersbrug

Border Beat
Road/Rail Freight

Officials said they could only assist with AEO cargo once it was in the control zone.

1 hour ago
0 Comments

Heavy lifter moves beach pavilion in feat of project logistics

Logistics

Self-propelled modular transportation ensured the building could be carried in one piece.

1 hour ago
0 Comments

MSC acquires stake in Ukrainian logistics firm

Logistics

Medlog has bought 50% of a local intermodal logistics operator and shares in a cross-border terminal.

Today 12:15
0 Comments

OPINION: All eyes on Washington for US-SA bilateral negotiations

Economy
Today 12:15
0 Comments

Transnet and Grindrod strike R285m container deal

Logistics

The new facility will boost capacity fourfold to 200 000 TEUs per annum.

Today 10:15
0 Comments

China imposes sweeping tariffs on US, EU, Japan and Taiwan

Imports and Exports

The newly imposed tariffs, effective immediately, vary significantly by region and company.

Yesterday
0 Comments

Citrus exports off to a good start

Imports and Exports
Logistics

Growers have forecast a 3.6% rise in volumes for the 2025 season amid fears of US tariff hikes.

Yesterday
0 Comments

South African chicken shortage unlikely

Imports and Exports

A ban on Brazilian chicken imports will take more than six weeks to be felt – poultry producers.

Yesterday
0 Comments

Trump talks: Ramaphosa’s moment of trade truth beckons

Economy
Yesterday
0 Comments

Food rescue and hunger relief outfit expands fleet

Logistics

Logistics firms have been urged to turn empty return legs into lifelines for the hungry.

Yesterday
0 Comments

Uncertainty hangs over Nissan’s Rosslyn plant

Imports and Exports
Logistics

It includes reducing the number of global plants from 17 to 10 as part of a recovery plan.

Yesterday
0 Comments
  • More

FeatureClick to view

The Cape 16 May 2025

Border Beat

BMA steps in to help DG and FMCG cargo at Groblersbrug
1 hour ago
The N4 Maputo Corridor crossing – congestion, crime and potholes
12 May 2025
Fuel-crime curbing causes tanker build-up at Moz border
08 May 2025
More

Featured Jobs

New

Clearing Controller

Lee Botti & Associates
Durban
21 May

Multimodal Controller - Sea and Air Imports and Exports (West Rand)

Tiger Recruitment
West Rand - Roodepoort
19 May
More Jobs
  • © Now Media
  • Privacy Policy
  • Freight News RSS
  • About Us
  • Advertise
  • Send us news
  • Contact us