Country: Angola
Africa’s Lobito Corridor Chief Says Business, Not Geopolitics, Drives Strategy
By François AUSSEILL The chief executive of the Lobito Atlantic Railway (LAR) project to link southern African mines to an Angolan export port says his priority is the business of the operation, not the geopolitical tussle over Africa's minerals.
Lobito Corridor: Africa’s Mega-Project Facing Delivery Test
By François AUSSEILL The Lobito Corridor mega-project linking three African countries is shifting from blueprint to proving ground in the global race for critical minerals. Linking Angola, the Democratic Republic of Congo and Zambia, ...
Inside the Race for Africa’s Strategic Corridors
With the U.S., Europe, Japan, and China all moving quickly to secure new supplies of African critical minerals, more attention is now shifting to the strategic supply chains that will get those resources from mine to port to market.
Angola Turns to China for $4.8 Billion Refinery Loan
Angola’s state oil company, Sonangol, is seeking a $4.8 billion loan from Chinese lenders to finance the long-delayed Lobito refinery, reinforcing Luanda’s continued reliance on Beijing for large-scale energy infrastructure funding. The project aims to reduce Angola’s dependence on imported fuel ...
Oil-Rich Angola Makes First Major Copper Exports
By Brian Benza Angola's first major copper mine shipped its first concentrates in January, an official said on Tuesday, the first such exports of the clean energy metal as the oil-rich African country diversifies its mineral resources income. ...
New Data Reveals China’s Complex Role in Africa’s Debt Portfolio
China was once Africa's largest bilateral creditor, but now, as many of those loans come due, it's become the continent's largest bilateral collector, according to a new report by the UK-based NGO ONE Data. The so-called "Great Reversal" that ONE Data identified highlights how ...
China’s Africa Lending Drops 46% as Strategic Reset Takes Hold
Chinese lending to Africa fell to $2.1 billion in 2024, marking a 46% decline from the previous year and the first annual drop since the COVID-19 pandemic, according to Boston University's updated Chinese Loans to Africa Database. The downturn signals Beijing's ...
China’s Evolving Lending Footprint in Africa: Selective Engagement and Strategic Retooling
By Mengdi Yue and Yiyuan Qi Chinese loans to Africa are down once again, but not out. Boston University Global Development Policy Center’s newly updated Chinese Loans to Africa (CLA) Database shows that, despite a slight rise in 2023, Chinese ...
China’s Africa Lending Nearly Halved in 2024, Shifts to Yuan
By Colleen Goko Chinese lending to Africa nearly halved to $2.1 billion in 2024, the first annual decline since the COVID-19 pandemic, as the country shifts to selective, strategic projects, according to data released on Wednesday by Boston University. ...
U.S. Grants Loan for Strategic Angola Rail Line
The U.S. International Development Finance Corporation (DFC) said it has agreed a loan for the refurbishment of a rail link in Angola strategic for the transport of minerals which are in high demand at American firms. In an announcement Wednesday, the ...