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Joe Biden begins long-awaited Africa trip to secure win against China

Business Standard LogoBusiness Standard2d ago

Joe Biden begins long-awaited Africa trip to secure win against China - Business Standard

Quick Summary:

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

A particular source of scrutiny is a second phase which would connect the railway to Africa's east coast through to Tanzania, potentially offering a rival route to China.

The project, partly funded with a US loan, links the resource-rich Democratic Republic of Congo and Zambia to the Angolan port of Lobito on the Atlantic Ocean, offering a fast and efficient route for exports to the West.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 09:31:24 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 867 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24026609

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 351 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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