U.S. to Invest $1 Billion in Angola’s Grain Storage

Lobito: The U.S. charge d'affaires, James Story, announced Thursday in Lobito that businessmen from the United States of America intend to invest at least 1 billion U.S. dollars in Angola's grain storage system. According to Angola Press News Agency, the diplomat made the announcement after arriving by train from Huambo province, accompanied by 17 ambassadors, as part of a visit to the Lobito corridor. "We will work in partnership not only with the Carrinho Group, but also with other companies here in Angola," the diplomat said. He emphasized that Angola could serve as a benchmark for the region and the world. James Story refuted rumors that the U.S. government would stop funding the Lobito Corridor projects, stressing that his presence shows the U.S. interest in promoting prosperity for the Angolan people, the region, and the world. The diplomat also mentioned the upcoming United States-Africa Summit to be held in Luanda in the next two months, which will be attended by more than 2,000 guests. Rosario Ben to, Ambassador of the European Union, said the trip was an opportunity to demonstrate that the international community is in partnership with Angola for the development of the Lobito Corridor. Over two days, several ambassadors visited key sectors of the Lobito Corridor, encouraged by the US charge d'affaires in Angola and So Tomé and Príncipe, James Story.