Country: Angola
Related Posts
Amid Plunging Prices, Africa’s Commodity-backed Debts to China Become Perilous
Over the past 15 years, many African countries borrowed tens of billions of dollars from China to build badly-needed infrastructure. Short of cash, these countries instead leverage their natural resources to repay their debts. Ghanaian bauxite, Angolan oil, and Zambian copper, ...
As Oil Prices Tumble, COVID-19 Rapidly Escalates From a Health Crisis to a Full-Blown Economic Crisis in Africa’s Crude-Exporting Countries
When oil trading started today in Asia, sellers moved quickly to unload their positions prompting a "cataclysmic collapse" that saw prices plunge by a stunning 31%, the single largest price drop in almost 30 years. The sell-off ...
Bloomberg: West African Crude Shipments to China Set to Plunge Next Month by 10 Million Barrels
West African oil exports to China are expected to fall dramatically next month, by as much as 10 million barrels, according to oil traders interviewed by Bloomberg. If this happens (and it is speculation at this point) it would reduce West Africa's monthly volume ...
China Loomed Large Over Pompeo’s Africa Tour, Burying His Message About Enhanced U.S. Engagement
U.S. Secretary of State really seemed like he made a conscientious effort to go out of his to avoid referencing China on his recent three-nation African tour that ended yesterday in Addis Ababa. For years, going all the way back to the days when Hillary Clinton was ...
Maybe Pompeo Avoided Directly Talking About China During His Recent Africa Tour Because There’s Nothing More to Say
On his final stop of a three-nation African tour, U.S. Secretary of State Mike Pompeo was in Addis Ababa on Tuesday, where he held talks with Prime Minister Abiy Ahmed and Foreign Minister Gedu Andargachew, among others. And just as he did in Senegal and Angola,
After Avoiding the Issue in Senegal, China Creeps Back into Pompeo’s Messaging in Angola
U.S. Secretary of State Mike Pompeo wrapped up his visit to Angola, the second stop on a three-nation African tour, where he largely stayed on message promoting U.S. business interests and focusing on anti-corruption issues. But unlike in Senegal where the Secretary avoided any public mention of ...
U.S. Secretary of State Mike Pompeo’s Visit to Africa Is About China, Not Africa
U.S. Secretary of State, Mike Pompeo will make his first trip to sub-Saharan Africa on Saturday. On his first-ever trip to Africa after nearly two years in office, Mr. Pompeo will visit Senegal, Angola, and Ethiopia. Against the backdrop of the ...
Economic Shockwaves from the Coronavirus Crisis in China Are Now “Battering” Africa: Investment Firm
Even though Africa has so far been spared an outbreak of Novel Coronavirus, economies across the continent are beginning to grapple with the costly implications for what this viral contagion is doing to their largest trading partner and overall demand for the raw materials that most African ...
Africa’s Oil and Tourism Sectors to be Impacted First by Coronavirus Outbreak in China
Although most of the attention in Africa about the coronavirus is appropriately focused on what can be done to prevent the virus from spreading, there are growing concerns over the potential economic impact across the continent -- particularly since China is the largest trading partner for the ...
How China Finances All That Infrastructure Construction in Africa is Starting to Change. Here’s How.
For several years now, as debt levels in a number of African countries have risen to alarming heights, Chinese and African officials have reportedly been looking for new ways to evolve the traditional resource-for-infrastructure (RFI) deals that critics on both sides of this relationship contend saddles African ...
Reality Check: Africa is an Important Source of Oil for China, But Not THAT Important
With this week's warning from NATO Secretary-General Jens Stoltenberg that China's growing presence in key regions like the Middle East, Africa, and even Europe presents a new challenge for the western military alliance, social media quickly saw much discussion about what's motivating China's expanding military and geopolitical ...
China’s Role in Africa’s Rapidly Growing Space Market
African countries are not traditionally known for having strong space programs but now as the cost of launching satellites into orbit falls, that's starting to change and Africa is becoming one of the fastest-growing space markets in the world.