To European Commission President Ursula von der Leyen, the ribbon of rail snaking from the Democratic Republic of the Congo and Zambia across Angola to the Atlantic port of Lobito is “more than just infrastructure”.
Advertisement
The corridor is designed to ferry copper and cobalt – commodities crucial to making the hi-tech products powering the world’s industrial economy – from mine to port as quickly and cheaply as possible.
Now, EU lawmakers are demanding to know whether the more than US$2.3 billion in European funds that von der Leyen has poured into the Lobito Corridor is being funnelled towards Chinese state-owned companies.

The capital will help upgrade and expand the existing Benguela railway in Angola, extending it into the DRC and Zambia.

Don't Miss:
-
Filipino farmer pleads ‘Stop US-Iran War’ after soaring fuel prices wipe out earnings
-
Will Iran’s strikes on Gulf smelters strengthen China’s aluminium trade?
-
Fire alarm, pump systems switched off before tragedy, Tai Po blaze panel told
-
Hong Kong man arrested on suspicion of taking upskirt images of woman shopper
-
Xiaomi, Alibaba ramp up AI recruitment amid global talent war

France to try alleged Magnitsky Affair mastermind Dimitry Klyuev in absentia
Canada revokes dozens of crypto firms’ registrations
Questions swirl around US plans for record $15B Prince Group crypto seizure