Country: Angola
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Reminder: Africa Doesn’t Have a Chinese Debt Problem, About 10 African Countries Do
The South China Morning Post's Inkstone team published a brief analysis today showcasing data from the China-Africa Research Initiative (CARI) at Johns Hopkins University. It provides a fresh reminder that the Chinese debt crisis in Africa is confined to a relatively small number of countries. ...
15-Years Ago Three African Countries Were Among China’s Top Oil Suppliers, Today Only One’s Left
Amid the ongoing discussions surrounding African debt restructuring and the proposed multibillion-dollar China-Iran comprehensive partnership agreement, China's oil procurement is a through-line that binds some of these disparate issues together. After all, Angola accounts for approximately a third of ...
The Impact of the COVID-19 Pandemic on Infrastructure Development in Africa
By Emmanuel Amoah-Darkwah and Ricardo Reboredo Africa has not been spared from the economic crisis triggered by the COVID-19 pandemic. The International Monetary Fund (IMF) is projecting -3.2% GDP growth in Sub-Saharan Africa, while the World Bank also projects GDP growth ...
South Africa FM: Debt is the Hippo Eating the Next Generation’s Inheritance
South African Finance Minister Tito Mboweni issued a dire warning to the parliament on Wednesday about the country's debt crisis. With South Africa's debt-to-GDP levels breaking new records this year and forecast to grow to 82% in the next few months, Minister Mboweni compared the debt ...
Once Angola Renegotiates its Debts, There May Not be Much Money Left Over For Anything Else
Nathan Hayes, an Africa analyst at the Economist Intelligence Unit in London, highlights Angola's dilemma in the ongoing talks to restructure its debts. With the price of oil so low due to the global economic slowdown brought on by the COVID-19 outbreak, pretty much the only choice ...
China Says It’ll Work With Angola on G20 Debt Relief, But Remains Vague About Status of Bilateral Loans
The Chinese government on Wednesday reaffirmed its position that it will cooperate with the G20's ongoing debt relief initiative in Africa but refused to provide any specific details about how Beijing plans to reschedule its vast loan portfolio in Africa, specifically in Angola.
Debt Relief in Africa: A Conversation With Renaissance Capital’s Charlie Robertson
Ethiopian Prime Minister Abiy Mohamed was among the first African leaders to issue an urgent appeal for debt relief back in March even before COVID-19 had become a serious public health issue on the continent.“COVID-19 poses an existential threat to the ...
China’s Oil Imports from Angola Continue Recovery
Angola was China’s fifth top crude oil supplier in April, customs data showed, with imports rising 23.8% from the same month a year earlier. In the first four months of 2020, Chinese imports from Angola are still negative, despite the recovery. ...
Chinese Workers in Angola Stage Protest to Go Home
University of London PhD candidate Hangwei Li shared an image of a small group of Chinese workers protesting outside of the Chinese embassy in Angola where they called on the government for help to send them home. Li explained ...
Professor Carlos Oya: How Can Chinese Companies Create More and Better Jobs for Africans?
University of London Professor Carlos Oya is among the world's leading scholars on Chinese labor practices in Africa. Last July, he published a ground-breaking report that challenged widely-held perceptions about the quantity of Chinese imported labor in Ethiopia and Angola (90% of workers on Chinese ...
Wang Yi Works the Phones With African Foreign Ministers
In another sign that Beijing is paying more attention to COVID-19 in Africa, Chinese Foreign Minister Wang Yi appears to be increasing the frequency of his outreach to his African counterparts. This week alone he held two phone conferences with ministers from Angola and Ethiopia.
African COVID-19 Aid Re-Emerges as a Top Chinese Foreign Policy Priority
China's once again ramping up its COVID-19 donation diplomacy efforts in Africa. After dialing down their efforts for a couple of weeks, the pace of announcements of new medical team deployments, PPE donations and charitable contributions from Chinese private sector stakeholders have all gone up considerably this ...