US Makes Progress on Minerals Deal With Congo, Adviser Says

The US may provide financing to companies operating in the Democratic Republic of Congo through the Export–Import Bank of the United States and the US International Development Finance Corp. as part of a potential critical minerals partnership, a senior US official said.

The financial institutions would support investment in the so-called Lobito Corridor, a major rail-infrastructure initiative linking Congo, Zambia and Angola to the Atlantic Ocean through a port in Angola that the DFC has already committed funding to, Massad Boulos, senior adviser for Africa at the US State Department, said in an online briefing on Thursday.

Massad Boulos

Photographer: Paloma Laudet/AFP/Getty Images

“The ...