The US plans to provide a USD 250 mln loan to the Nigeria-based Africa Finance Corporation (AFC) to support infrastructure development across Africa, pending congressional review. The AFC is instrumental in the second development phase of the Lobito Corridor, aiming to link Zambia’s Copperbelt with Angola’s Atlantic coast. This loan follows a previous announcement of a USD 250 mln loan for the same project. The DFC highlighted Africa as its largest regional portfolio, with over USD 11 bln in project financing.