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Country: Angola

Angolan Police Arrest 8 in Raid on Chinese-run Bitcoin Mining Operation

Eight Chinese nationals were arrested and servers and other equipment were seized by Angolan authorities during a raid on a Chinese-led illegal bitcoin mining operation hidden in a brick factory in Kwanza Norte Province. (AFRICAN OVERSEAS CHINESE NEWS - in Chinese)

Chinese FM Qin Gang Wraps Up Africa Tour in Egypt

Qin Gang concluded his first tour of Africa as Foreign Minister on Sunday in Cairo, where he met separately with his counterpart Sameh Shoukry, President Abdel Fattah el-Sissi and Arab League Secretary-General Ahmed Aboul-Gheit. Since Friday, Qin traveled to 

Angola is Now a New Front in the U.S.-China Technology Duel

Technology, not oil, emerged as a key focus of Chinese Foreign Minister Qin Gang's brief visit to Angola on Friday. Qin visited Huawei's new $80 million technology park in the capital Luanda and later oversaw a ...

China-Linked Group Will Run Angolan Transport Corridor

The Angolan government has signed a $450 million agreement with the Portuguese infrastructure group Mota-Engil to run rail and logistics in the Lobito Transport Corridor, which connects Lobito Port to the mining zone in the southern Democratic Republic of Congo.

Chinese Oil Buying in Africa Plunges Amid Shift to Suppliers in Russia, Persian Gulf

Chinese oil imports from African countries dropped 22.6% year-on-year in the January-September period, highlighting a decade-long transition away from the continent to suppliers in Russia, the Persian Gulf and Brazil. The drop in 2022 further eroded Africa's total ...

Analysis from Cobus van Staden

Top State Department Official Says China’s Debt Relief Offer to Sri Lanka is “Not Enough”

Another senior U.S. diplomat has accused China of not doing enough to resolve Sri Lanka’s debt renegotiation, a sign that the island’s financial crisis is increasingly being framed geopolitically.
U.S. Under Secretary of State for Political Affairs, Victoria Nuland said: “What China has offered so far is not enough. We need to see credible and specific assurances that they will meet the IMF standard of debt relief.”

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All Portuguese-speaking Countries Move Up in Chinese Infrastructure Development Index

All eight of the world's Portuguese-speaking edged higher in a key Chinese infrastructure development index that assesses the investment climate in 71 countries around the world. Brazil, Angola, and Portugal were the highest ranked Lusophone states in the 2022 "One Belt, ...

China Sends High-Level Envoy to President João Lourenço’s Second Inauguration in Angola

China dispatched Liu Yuxi, the newly-named Special Representative on African Affairs and former ambassador to the African Union, to attend last week's second inauguration ceremony for President João Lourenço. The two then met later for talks.

WEEK IN REVIEW: Russia and China Will Conduct Joint Military Exercises From 1 to 7 September

Russia and China will conduct joint military exercises from 1 to 7 September. However, the scale of this year’s exercises is much smaller than before. Similar exercises four years ago involved 300,000 troops. This time it will be 50,000, reflecting the impact of the Ukraine war. 

Angolan Presidential Candidate Eyes Chinese Loans

Adalberto Costa Jr., a candidate in this week’s presidential election in Angola, will launch an audit of the country’s debt to China if he wins. He pledged that any loans not resulting in infrastructure will be renegotiated. 

Angola Set a New Standard For Infrastructure Contracting With the Lobito Corridor Concession (Which China Lost)

Angola's Ministry of Transport is receiving high praise for the way it handled the bidding for the $333 million concession to re-build and operate the colonial-era Lobito Corridor railway that connects the copper and cobalt belts in Zambia and the Democratic Republic of the Congo ...
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