Tag: Angola
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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 ...
Chinese Press Dismisses Blinken’s Africa Tour
The reaction in China to U.S. Secretary of State Antony Blinken’s trip to Ivory Coast, Cape Verde, Nigeria, and Angola has been relatively muted. The trip is likely seen as sensitive, which means that commentary is mostly appearing in the foreign policy-facing press.
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 ...
What the U.S. Needs to Do to Better Compete With China in Development Finance
There's a growing sense of anxiety in Washington over what the U.S. can do to better compete with China to finance infrastructure in developing countries around the world. For much of the past three years, the Biden administration has made the ...
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 ...
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 ...
Chinese Weapons Giant Norinco Wants to Expand Its Business in West Africa
The Chinese state-owned arms manufacturer Norinco opened a new sales office in the Senegalese capital Dakar this week as part of the company's effort to expand its business in West Africa. The company is already a major supplier to militaries ...
Japanese Minister’s Africa Tour Riles China as Tokyo Looks to Build Its Own EV Battery Metal Supply Chain
Japan's Economy and Industry Minister Nishimura Yasutoshi arrived in Namibia on Sunday for the first leg of a five-nation Africa tour that focuses specifically on securing new supplies of critical resources needed to power electric vehicles. Nishimura will also visit Angola, the DR ...