July 14, 2024

President Biden and Angolan President Lourenço Forge Stronger Ties, Unveil Billion-Dollar Investments

President Joe Biden meets with Angola's President Joao Manuel Goncalves Lourenco in the Oval office of the White House, Thursday, Nov. 30, 2023, in Washington. (AP Photo/Andrew Harnik)ANDREW HARNIK
President Joe Biden meets with Angola's President Joao Manuel Goncalves Lourenco in the Oval office of the White House, Thursday, Nov. 30, 2023, in Washington. (AP Photo/Andrew Harnik)ANDREW HARNIK

On Thursday, President Joe Biden hosted Angolan President João Manuel Gonçalves Lourenço in the Oval Office to reaffirm his dedication to Africa.

In a readout, the White House said the two leaders discussed opportunities to deepen their partnership, highlighted significant economic investments, and tackled pressing regional and global challenges.

A centerpiece of their discussions was the substantial U.S. economic investment in Angola, focusing on the Lobito Corridor through the President’s Partnership for Global Infrastructure and Investment (PGI).

The initiative has seen over a billion dollars in U.S. financing committed in the current year alone. These investments encompass various vital projects, including supporting more than 180 rural bridges, enhancing 4G and 5G digital connectivity nationwide, introducing Angola’s first-ever mobile money application, and integrating 500 megawatts of solar power into the grid. An additional billion dollars is earmarked for Africa’s most extensive rail investment. These endeavors align with Angola’s ambition to become a net food exporter by 2027, bolstering regional food security.

President Biden and President Lourenço pledged to bolster their partnership on critical issues shaping their shared future. This commitment extends to strengthening democracy, energy production and exportation, and space cooperation. They welcomed the forthcoming launch of the U.S.-Angola Energy Security Dialogue in 2024 to ensure a secure and stable energy supply while deepening commercial ties and advancing climate goals.

President Biden also lauded Angola for its participation in the Artemis Accords, which promote a shared vision of space exploration for the collective benefit of humanity. Furthermore, Angola’s involvement in the Partnership for Atlantic Cooperation was recognized as a significant step in fostering regional collaboration.

The leaders did not shy away from addressing global challenges, including Russia’s war in Ukraine and the ongoing conflict in the eastern Democratic Republic of the Congo, underscoring their commitment to international stability and peace.

“President Biden and President Lourenço committed to increased partnership on issues that define our shared future, including strengthening democracy, energy production and exportation, and space cooperation,” the readout by the White House said, “To that end, the leaders welcomed the launch of a U.S. – Angola Energy Security Dialogue in 2024 focused on the secure and stable supply of energy and deeper commercial ties while advancing our shared climate goals.”

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