Tag: Angola
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Chinese Trade With Africa Surged in First Quarter But Expected to Slow Dramatically
Chinese trade with Africa rocketed up 24.5% in the first three months of 2022 compared to the same time last year, according to the new data released by China's customs authorities. At a continental level, trade levels were characteristically balanced with Chinese ...
With Access to South Africa’s Main Port Still Hampered, The Rush Is on To Build Alternate Trade Routes for DRC Resources
With road and rail access to South Africa's main port in Durban still blocked by the damage from the past week of record floods, there's a new urgency to develop alternate trade routes for the vast quantities of natural resources that flow from the mining belts in the southern DRC ...
Angola to Set Up Police Station Serving Chinese Community
The Government of Angola will set up a police station to serve the Chinatown district of its capital Luanda, announced José Bamoquina Zuwu, Angola’s Interior Minister. He made the announcement during a rare visit to the Chinese neighborhood. The move follows increasing attacks against Chinese residents in ...
Angolan Logistics Management Tender Will Increase Chinese Influence
The Angolan government is currently deciding which of two China-linked consortiums will manage a transport link that could significantly speed up shipments of strategic minerals from the Democratic Republic of Congo. The corridor includes the Chinese-built 1,344 km Benguela rail line ...
When It Comes to Security in Africa, the U.S. and China Have More in Common Than Many Think
The U.S. Senate Armed Services Committee is currently hearing testimony from U.S. generals about U.S.-led security in the Middle East and Africa. Not surprisingly, the hearings are portraying China’s African priorities as opposed in all respects to those of the United States. However, there may ...
Chinese Motorcycle Factory Opens in Angola
A new Chinese motorcycle factory has kicked off in Angola, one of several new automotive ventures in African countries. The Chinese state-owned heave vehicle company Sinotruk announced a new $20 million assembly line in Tanzania, while China's First Automotive Works (FAW) has also started producing trucks in ...
Almost 2/3 of Africa’s Exports to China Last Year Came From Just Three Countries
The highly distorted nature of China-Africa trade in 2021 was the subject of a series of compelling charts and infographics published on Tuesday by the online financial news site Quartz. African exports, in particular, stood out. Only three ...
Letter to the Editor: Contrary to Widespread Misperception, China Has Restructured Some of Its Commercial Loans in Africa
Hi Eric and Cobus, I’m writing to follow up on a statement about Chinese debt relief you made in a recent column: …the fact is that China has canceled some zero-interest loans that only ...
African Oil Exports to China Plunge in July
China's crude oil imports from Africa fell sharply last month with demand expected to remain flat through the third quarter. Overall, shipments from African exporting countries fell 5.1% from June and but plummeted 41.5% compared to the same time last year. ...
Why African Energy Exporters Should Be Concerned About CNOOC’s Interest in a Massive Qatari Gas Deal
One of China's three major oil and gas companies, CNOOC, is reportedly interested in joining the world's largest natural gas project in Qatar. The company's CFO Xie Weizhi said CNOOC is exploring the option to invest in the $29 ...
CARI: Chinese Lenders Have Provided $7.6 Billion in Debt Relief Since Last Year, Mostly to Africa
Angola is the primary beneficiary of Chinese debt restructuring activities over the past year, accounting for $6.2 billion out of $7.6 billion of total relief provided by Beijing to developing countries in 2020-2021, according to official data compiled by the China-Africa Research Initiative at ...
Update on the Chinese Debt Situation in Africa
Chinese debt relief talks are underway in a number of African countries including Angola, Zambia, Kenya, and Ethiopia among others but you wouldn't really know it. Officials on all sides aren't saying much and there's relatively little press coverage on the ...