US gives Zambia $458m to complement Lobito project
The Lobito Corridor is the first strategic Global Infrastructure and Investment economic corridor launched by US president at the G7 Summit in Japan in 2023, under the flagship G7 Partnership for Global Infrastructure and Investment initiative. PHOTO | SHUTTERSTOCK
The United States has approved $458 million to assist Zambian farmers to access regional and global markets.
The funds, given under the United States Millennium Challenge Corporation (MCC), complement the US government’s investments in Lobito, a major logistical corridor spanning Angola, Zambia and Tanzania and linking the Atlantic and Indian Oceans.
