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New Half-Billion Dollar Deal Aims to Position Angola’s Lobito Corridor as Main Gateway for Africa’s Critical Resources

The competition for access to critical metals used to manufacture electric vehicle batteries intensified with the announcement that Trafigura, a Singaporean-based commodity trading giant, is going to lead a consortium of European companies to rebuild a rail line poised to become one of Africa's most important logistics corridors. ...

The U.S. Helped Coordinate and Finance the New Lobito Corridor Deal

A Tweet by Amos Hochstein, the Biden administration's lead on infrastructure initiatives in developing countries, was the only indication last week of any U.S. involvement in the deal to rebuild the Lobito corridor in Angola. But behind the scenes, the U.S. ...

New Chinese-Backed Refinery Could Help Angola Shift From Importing Petroleum Products to Becoming an Exporter

Flush with petroleum, Angola is one of the world’s largest oil producers yet still starved for energy. The problem is that the country lacks sufficient refining capacity, forcing it, like other African oil-exporting countries, to import most of its petroleum products. ...

There May Actually be An Opening for the U.S. to Spur Development of Angola’s Lobito Corridor

When the United States government announced last month that it was in the midst of conducting due diligence for a $250 million financing package to develop the Lobito Atlantic Railway Corridor that connects the copper/cobalt belts in the DRC and Zambia with Angola's Port of Lobito, it raised ...

U.S. Conducting Due Diligence for Development of the Lobito Corridor in Southern Africa Where Chinese Interests Are Already Very Active

The United States government claims it has mobilized $30 billion so far through various public and private channels to build railways, data centers and other infrastructure initiatives in developing countries. The White House released an update on Friday of its ...

China’s Ambassador to Angola Promises President Continued Support for Infrastructure Development

Angolan President João Lourenço met with China's ambassador to Luanda, Gao Tong, on Monday for an update on the progress of several high-profile infrastructure projects that China is developing. Gao reassured the president that the new Luanda international airport, the Caculo-Cabaça hydroelectric facility, and ...

More Evidence of China’s Diminishing Appetite for African Oil

It wasn't that long ago when China sourced a third of its imported oil from three African suppliers that included Angola. Today that figure is down to just 10% and appears to be steadily declining as Chinese buyers shift to sourcing crude from Russia, Persian Gulf countries ...

Vietnamese Authorities Seize Tons of Ivory, Most Likely Bound for China

Vietnamese customs authorities in the northern port city of Hai Phong intercepted a massive seven-ton shipment of illicit ivory that originated in Angola and traveled via Singapore. Inspectors discovered the contraband on Monday after seeing a discrepancy in shipping documents that listed ...

New Copper/Cobalt Trade Corridors Take Shape to Serve as Alternative to South Africa

Zambia, the Democratic Republic of Congo, and Angola will set up an agency to manage a logistics corridor linking them to Angola’s Lobito port. The move comes as South Africa's Durban port has faced repeated delays.

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)
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