Tag: Angola
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Reminder: Africa Doesn’t Have a Chinese Debt Problem, About 10 African Countries Do
The South China Morning Post's Inkstone team published a brief analysis today showcasing data from the China-Africa Research Initiative (CARI) at Johns Hopkins University. It provides a fresh reminder that the Chinese debt crisis in Africa is confined to a relatively small number of countries. ...
15-Years Ago Three African Countries Were Among China’s Top Oil Suppliers, Today Only One’s Left
Amid the ongoing discussions surrounding African debt restructuring and the proposed multibillion-dollar China-Iran comprehensive partnership agreement, China's oil procurement is a through-line that binds some of these disparate issues together. After all, Angola accounts for approximately a third of ...
Why Africa’s Oil Exporters Should be Very Concerned About the Proposed China-Iran Mega-Deal
Iran and China are reportedly nearing completion of a wide-ranging oil-for-infrastructure deal that would pave the way for billions of dollars of Chinese investment in Iran's energy, telecommunications and financial service sectors in exchange for a 25-year supply of oil.
Once Angola Renegotiates its Debts, There May Not be Much Money Left Over For Anything Else
Nathan Hayes, an Africa analyst at the Economist Intelligence Unit in London, highlights Angola's dilemma in the ongoing talks to restructure its debts. With the price of oil so low due to the global economic slowdown brought on by the COVID-19 outbreak, pretty much the only choice ...
China Says It’ll Work With Angola on G20 Debt Relief, But Remains Vague About Status of Bilateral Loans
The Chinese government on Wednesday reaffirmed its position that it will cooperate with the G20's ongoing debt relief initiative in Africa but refused to provide any specific details about how Beijing plans to reschedule its vast loan portfolio in Africa, specifically in Angola.
China’s Oil Imports from Angola Continue Recovery
Angola was China’s fifth top crude oil supplier in April, customs data showed, with imports rising 23.8% from the same month a year earlier. In the first four months of 2020, Chinese imports from Angola are still negative, despite the recovery. ...
Chinese Workers in Angola Stage Protest to Go Home
University of London PhD candidate Hangwei Li shared an image of a small group of Chinese workers protesting outside of the Chinese embassy in Angola where they called on the government for help to send them home. Li explained ...
Angolan Economy Set for COVID-19 Blow
The COVID-19 pandemic is having a severe impact on the global economy, from aviation and tourism to car sales. Already, markets have been upended, with commodities like oil being especially hit. With its economy still reliant on oil exports, Angola’s expectations to end a 4-year recession in ...
After Avoiding the Issue in Senegal, China Creeps Back into Pompeo’s Messaging in Angola
U.S. Secretary of State Mike Pompeo wrapped up his visit to Angola, the second stop on a three-nation African tour, where he largely stayed on message promoting U.S. business interests and focusing on anti-corruption issues. But unlike in Senegal where the Secretary avoided any public mention of ...
Reality Check: Africa is an Important Source of Oil for China, But Not THAT Important
With this week's warning from NATO Secretary-General Jens Stoltenberg that China's growing presence in key regions like the Middle East, Africa, and even Europe presents a new challenge for the western military alliance, social media quickly saw much discussion about what's motivating China's expanding military and geopolitical ...
An Insider’s View of the China-Africa “Debt Trap” Debate
The issue of whether African countries are taking on too much Chinese debt is often positioned in the West as some kind of choice as if Africa policymakers prefer to take loans from the Chinese rather than Western governments or international organizations like the ...
Angola: China's Risky Gamble in Africa
China has loaned Angola an estimated $60 billion dollars since the two countries established diplomatic relations back in 1983, making it one of the top destinations for Chinese financing in Africa. Angola is especially attractive for the Chinese because of its ...