Country: Angola
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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 ...
Brookings Scholar Yun Sun Provides a Road Map For Chinese Debt Relief in Africa
There's growing anticipation over how China will respond to Africa's calls for debt relief amid the worsening COVID-19 crisis that is ravaging economies across the continent. So far, there have only been a few hints as to how China will proceed, ...
Rebound in Chinese Manufacturing Provides a Small, Badly Needed Boost to African Oil Prices
New data confirming that China's manufacturing sector is slowly coming back to life helped to give a badly needed boost to African commodity and currency prices on Tuesday. China's Purchasing Managers Index, a key metric that measures factory activity, jumped to ...
China’s COVID-19 Donation Spree Picks Up Pace in Africa
China's embassies across Africa are coordinating both public and private donations to local stakeholders battling the spread of COVID-19. The donations appear to be part of a larger Chinese strategy to raise Beijing's profile as a leading provider of humanitarian assistance, particularly to lesser developed countries.
China Bankrolled Massive Borrowing Among Africa’s Major Oil Exporters But What Happens Now That Crude Prices Have Crashed?
Consider that on Thursday, February 20th, the price of a barrel of Angolan Cabinda oil was $62.19. Yesterday, just 26 days later, the price had fallen by almost half to $32.21. Given the fact that this is ...
Angolan Economy Set for COVID-19 Blow
The COVID-19 pandemic is having a severe impact on the global economy, from aviation and tourism to car sales. Already, markets have been upended, with commodities like oil being especially hit. With its economy still reliant on oil exports, Angola’s expectations to end a 4-year recession in ...