AFC seeks 5 billion dollars for Lobito minerals corridor
AFC is talking to ten lenders including Citigroup to raise 5 billion dollars for the Lobito corridor. The project links mines to Angola's Atlantic port.
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Africa Finance Corporation (AFC) is in talks with 10 financiers to raise $3B to $5B for the United States-backed Lobito minerals corridor. The project links copper and cobalt mines to the Atlantic port of Lobito in Angola. This infrastructure secures Western access to strategic minerals while curbing the influence of China in Africa.
