HomeWorld NewsUS, DR Congo Advance Strategic Partnership as Lobito Corridor Project Gains Momentum

US, DR Congo Advance Strategic Partnership as Lobito Corridor Project Gains Momentum

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The United States and the Democratic Republic of Congo (DRC) have reaffirmed their commitment to strengthening economic ties, attracting investment and promoting regional stability following their second Joint Steering Committee meeting in Paris.

In a joint statement released on November 6, 2026, the two governments said they had reviewed progress in implementing the U.S.-DRC Strategic Partnership Agreement, which seeks to translate bilateral commitments into tangible economic opportunities for both countries.

The meeting brought together government representatives from Washington and Kinshasa, who emphasised the importance of coordinated efforts, clear implementation timelines and measurable outcomes in advancing the partnership.

Among the key developments highlighted was the signing of the concession agreement for the Lobito Corridor, described as an important milestone towards improving regional trade and connectivity.

The delegations also discussed the next steps in the proposed Grand Inga hydropower project, alongside opportunities for American companies in critical minerals processing, exports and the energy sector.

The U.S. International Development Finance Corporation (DFC) also briefed the committee on its growing investment pipeline in the DRC, while the meeting welcomed increasing interest from American private sector players in the country’s Strategic Asset Reserve (SAR).

The two governments further acknowledged the DRC’s recent adoption of legislation establishing tax and customs rules for projects operating under the strategic partnership, pledging continued cooperation to ensure its effective implementation.

The agreement seeks to ensure that Congolese citizens benefit directly from the country’s natural wealth through employment opportunities, skills development and increased participation of local businesses in major investment projects.

The committee stressed that predictable policies and transparent implementation would be critical in attracting and sustaining long-term investments.

On security, both governments maintained that peace and stability remain essential foundations for achieving the partnership’s economic objectives and securing lasting prosperity in the DRC.

They also encouraged eligible American and Congolese companies to explore emerging commercial opportunities created by the agreement.

The two countries expressed optimism that the partnership would generate lasting investments, create jobs, strengthen supply chains and deliver shared economic benefits to their respective populations.

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