Country: Angola
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Angola’s Big Bet on Biden Now Risks Backfiring
Pity poor Angola. President João Lourenço placed a multimillion-dollar bet on hiring expensive Washington, D.C. lobbying firms to put his southern African country on the U.S. agenda. Whatever they did worked because, over the past several years, Angola seemingly became the ...
Judd Devermont on the State of U.S. Foreign Policy in Africa
U.S. President Joe Biden was supposed to be in Angola this week, fulfilling a pledge to visit the continent he made back at the 2022 U.S.-Africa Leaders Summit. But with massive hurricanes pounding the southern United States, the president was forced ...
Beyond Railways and Ports: China’s Evolving Lending Strategy in Africa
Chinese lending to African countries rebounded in a big way in 2023 after seven consecutive years of decline. Last year, Chinese lenders approved loans totaling $4.61 billion to African borrowers, a dramatic increase over the $922 million lent in 2022, according ...
In-Depth: China’s Finance for African Renewables Rebounds After Two-Year Lull
By Anika Patel New data reveals a rebound in Chinese financing of renewable energy projects in Africa in 2023, following a lull over the past few years.
With an Eye on China, Angola Becomes Key Partner for U.S. Ambitions for Africa
By Bronwen Roberts Joe Biden's choice of Angola as his first trip to Africa as president underscores the oil-rich country's influence as the focus of one of the biggest U.S. infrastructure projects on the continent, countering China's investments. ...
Railroads and Rivalries in Southern Africa
The U.S. and China plan to spend billions of dollars refurbishing key railway lines in southern Africa that link critical resource mining hubs in Zambia and the Democratic Republic of the Congo with ports on both sides of the continent.
China Pushes Smaller, Smarter Loans to Africa to Shield From Risks
By Matthew Walsh China's years of splashing cash on big-ticket infrastructure projects in Africa may be over, analysts say, with Beijing seeking to shield itself from risky, indebted partners on the continent as it grapples with a slowing economy at home. ...
Navigating Risk and Relationships: Chinese Loans to Africa in 2023
By Diego Morro, Victoria Yvonne Bien-Aimé and Lucas Engel This week, African and Chinese leaders are gathering in Beijing for the 2024 Summit of the Forum on China-Africa Cooperation amid significant anticipation from observers about the summit’s key priorities and whether ...
Learning Through Lending: China-Africa Economic Engagement through FOCACs Past and Present
By Lucas Engel As the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) approaches, it is warranted to look back at the trajectory of China-African economic engagement and assess its current state. For China, FOCAC, ...
Rogue Angolan Police Allegedly Extorted Money From Suspected Chinese Bitcoin Miners
Nearly two dozen Angolan police officers raided a suspected Chinese bitcoin mining operation outside of Luanda on Tuesday, violently forcing their way past security guards to enter the premises. Once inside, the police were confronted by the Chinese factory managers who ...
Sky High Ambitions? Military Aviation and Africa-China Relations
By Lukas Fiala Angolan President João Lourenço’s desire to have China build an air force base in Angola again highlights the issue of military cooperation between Africa and China. What are the drivers of China’s foray into African military aviation?
Tang Xiaoyang on Why the U.S., Not China is to Blame for Africa’s Debt Problems
While many in the West still contend Africa's worsening debt crisis is largely due to excessive Chinese lending, Tsinghua University Professor Tang Xiaoyang argues that accusation just isn't true. Instead, the well-known China-Africa scholar contends ...