Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Start of Biden's visit to Angola overshadowed by son's pardon

Published 03/12/2024, 04:24 am
Updated 03/12/2024, 01:44 pm
© Reuters. U.S. President Joe Biden gets out of a vehicle, before he boards Air Force One en route to Angola, at Amilcar Cabral International Airport in Sal, Cape Verde, December 2, 2024. REUTERS/Elizabeth Frantz
HG
-

By Trevor Hunnicutt

LUANDA (Reuters) -U.S. President Joe Biden landed in Angola on Monday for a visit focused on a U.S.-backed railway project and on the legacy of slavery, but his decision to pardon his son Hunter Biden threatened to overshadow the official agenda.

The visit fulfils a promise to visit Sub-Saharan Africa during his presidency and aims to bolster the Lobito Corridor project, which links resource-rich Democratic Republic of Congo and Zambia to the Angolan port of Lobito on the Atlantic Ocean.

At stake are vast supplies of minerals like copper and cobalt, which are found in Congo and are a key component of batteries and other electronics. China is the top player in Congo, which has become an increasing concern to Washington.

China signed an agreement with Tanzania and Zambia in September to revive a rival railway line to Africa's eastern coast.

"It's going to create incredible economic opportunities here on the continent," Biden's national security spokesperson John Kirby said, speaking about the Lobito Corridor during a briefing to reporters on Air Force One during the flight to Luanda.

He said Biden would unveil additional commitments to the project during his visit, as well as to health, climate and clean energy programs.

However, reporters on the flight had more questions about the Hunter Biden pardon than they did about investment in Africa. The president's spokesperson Karine Jean-Pierre responded to them mostly by repeating Joe Biden's own statement on the issue.

The president, whose term in office finishes in January, flew out of Washington shortly after pardoning his son, who had pleaded guilty to tax violations and been convicted on firearms-related charges.

Biden himself did not answer reporters' questions on the pardon during a brief refueling stop in the small island nation of Cape Verde, off the coast of West Africa, earlier on Monday.

During his two-day visit to Angola, Biden is scheduled to meet with President Joao Lourenco and the Zambian leader President Hakainde Hichilema, and to tour the national slavery museum and various facilities in Lobito.

Partly funded by a U.S. loan, the Lobito Corridor would make it faster and easier to export critical minerals towards the United States, which has been widely seen as a way to divert some of those resources from China.

"There is no Cold War on the continent. We're not asking countries to choose between us and Russia and China," Kirby said.

© Reuters. U.S. President Joe Biden and Angolan Foreign Minister Tete Antonio walk at Luanda International Airport in Luanda, Angola, December 2, 2024. REUTERS/Elizabeth Frantz

"We're simply looking for reliable, sustainable, verifiable investment opportunities that the people of Angola and the people of the continent can rely on, because too many countries have relied on spotty investment opportunities and are now racked by debt," he said.

The Lobito project is backed by global commodities trader Trafigura, Portuguese construction group Mota-Engil and railway operator Vecturis. The U.S. Development Finance Corporation has provided a $550 million loan to refurbish the 1,300-kilometer (800-mile) rail network from Lobito to Congo.  

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.