Tag: Angola

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. ...

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 ...

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 ...

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 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 ...

The Chinese Ministry of Foreign Affairs flatly denied a report published in the English-language Ethiopian news site The Reporter that "China agreed to restructure Ethiopia’s debt through alternative means." Ethiopia is the second-largest recipient of Chinese loans in Africa, behind Angola, ...

France needs to approach Africa with ‘profound humility’ to make up for its colonial past. This is the message from French President Emmanuel Macron, who is embarking on an African tour in part aimed at rejuvenating Paris’s engagement with a continent where its image remains shaped by its colonial ...

More than a million tons of South African iron ore is blocked from leaving the country, mostly bound for China, due to SA's failing railway infrastructure. The local unit of British-South African mining giant Anglo American, Kumba Iron ...

Chinese customs authorities are slowly releasing new trade data for individual African countries following its January announcement that trade with the continent rose by 14.5% to $276.8 billion. Country data is similarly higher than in 2021. China's Trade with Key African Countries: ...

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)

Technology, not oil, emerged as a key focus of Chinese Foreign Minister Qin Gang's brief visit to Angola on Friday. Qin visited Huawei's new $80 million technology park in the capital Luanda and later oversaw a signing ceremony with Finance Minister Vera ...