Browsing: US investments in Africa

Nickel prospects Lobito railway corridor

US extends 1,300Km rail to tap into Tanzania’s nickel riches

Industry and Trade
  • The 1,300Km of railway from Zambia to Tanzania will be completed by 2029.
  • The US, UK, and others sign MoU to develop the Lobito railway project.
  • Top nickel producer Lifezone Metals secures project tender.

Nickel prospects in Tanzania have spurred the US to extend the Washington-backed Zambia-DRC railway project to the East African nation, creating a strategic link between West and East Africa. Helaina Matza, the US acting special coordinator for the Partnership for Global Infrastructure and Investment has announced US plans to expand its West and Central Africa railway project to the shores of the Indian Ocean through Tanzania.

Known as the Lobito Corridor, this US-funded railway project that originally ran from Angola to Zambia through the Democratic Republic of the Congo (DRC) envisions adding 1,300 kilometers of railway from Zambia to Tanzania and is slated to be completed in just five years, by 2029.

Former Deputy Chairperson of …

Lobito Corridor

Lobito Corridor: a US-backed mining catalyst in DRC and Zambia

Investing

The Lobito Corridor represents a significant transport infrastructure project in Africa. The project will now become a reality with the backing of the US. Moreover, this is one of the projects through which Washington seeks to strengthen its investment ties on the continent. This project entails a transportation network that links northwest Zambia to Angola’s Benguela railway, ultimately connecting to the strategic Lobito port, the second largest seaport in oil-rich Angola.…

www.theexchange.africa

US – Nigeria Trade Relations: An Overview

Countries
  • Nigeria is currently the United States' 54th largest goods trading partner, with US$7.8 billion in total goods trade as of 2019
  • The top export categories in 2019 were: vehicles at US$938 million, cereals, especially wheat, at US$494million), machinery at US$479million, mineral fuels at US$287 million, and plastics at US$189 million
  • The top import categories were mineral fuels at US$4.4 billion, special other (returns) at US$80 million, oil seeds and oleaginous fruits at US$15 million, fertilisers at US$11 million, and cocoa at US$10 million

The value of trade between Nigeria and the United States has continued to grow, data by the Office of the United States Trade Representative shows. According to the resource centre, Nigeria is currently the United States' 54th largest goods trading partner, with US$7.8 billion in total (two way) goods trade as of 2019.

The centre also reveals that goods exports totalled US$3.2 billion while goods imports totalled…

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