Country: Angola
Related Posts
African Development Bank Head Calls for End to Resource-Backed Loans
Akinwumi Adesina, president of the African Development Bank, urged leaders on the continent to end the practice of exchanging raw materials for development, a practice known as resources-for-loans that was pioneered on a truly massive scale by China.
Why Would Angola’s President Want to Go to China’s Shandong Province?
Angolan president João Lourenço will arrive in China on Thursday to begin a three-day state visit, which will include meetings with his Chinese counterpart Xi Jinping and Premier Li Qiang. The Chinese Foreign Ministry, as per usual, did not provide many ...
Two Chinese Factories Closed Down in Angola for Safety Violations and Mistreatment of Workers
Angolan media reported that a Chinese metals processing factory was shuttered for operating without a license and polluting the water. In a separate case, 131 local workers were rescued from a Chinese plastics factory. The metals processing factory was allegedly not ...
Beijing’s New Ambassador to Angola Arrives at a Critical Juncture in Africa-China Relations
By Lukas Fiala The arrival of China’s new ambassador, Zhang Bin, to Angola last week was barely noticed outside the niche community watching Chinese diplomacy. While this posting is reportedly Zhang’s first ambassadorial appointment, it is not his first in Angola. ...
Three Suspects Arrested for Murder of Chinese Man in Angola
Three men were arrested on Friday for the murder of a Chinese national in a brazen daylight robbery two days earlier in the capital of Luanda. The brutal act was captured on surveillance footage and serves as a grim reminder ...
China-Angola Meeting As Luanda Navigates Great Power Competition
Angola’s Foreign Minister Téte António met with his Chinese counterpart Wang Yi in Beijing on Wednesday. He also signed a bilateral investment protection measure with Commerce Minister Wang Wentao. China has sometimes struggled to get such formal investment protection guarantees from ...
A Chinese Perspective on the Proposed U.S.-Backed Lobito Corridor in Angola
Angolan President João Lourenço is scheduled to meet with his U.S. counterpart, Joe Biden, at the White House on Thursday, where the two are expected to discuss moving forward with the development of the Lobito Corridor. The U.S. and the European ...
Angolan President to Visit Washington This Week For Lobito Corridor Talks
Angola’s President João Lourenço will meet with U.S. President Joe Biden on Thursday during an official visit to Washington. According to a White House statement, they will focus on the next steps in a joint logistics corridor linking the Angolan port ...
EU’s Global Gateway Moves Forward on DRC-Angola Corridor in Bid to Counter China
The European Union and the United States will launch the early stages of a logistics corridor linking the Democratic Republic of Congo and Zambia to an export facility in Angola. This was one of the key announcements on the second day of ...
Chinese Lending to Africa Plunges to 20-Year Low
Chinese lending to African countries plunged to below a billion dollars in 2022, the lowest level in two decades, according to new data from the Global Development Policy Center at Boston University. The findings confirm that the era of Beijing financing ...
Chinese Debt Servicing Costs Surge for Angola and Uganda
Debt servicing costs have been steadily rising across Africa, largely due to the falling value of local currencies that are used to repay dollar-denominated loans. But in Angola and Uganda, interest payments to Chinese creditors have jumped considerably in recent months ...
U.S., EU Unveil Next Steps in the Expansion of Angola’s Lobito Corridor Railway
The United States and the European Union are moving forward with a plan to upgrade the 1,300-kilometer Lobito rail corridor that links the copper and cobalt belts in Zambia and the DR Congo with the port of Lobito in Angola. In separate ...