Via The Diplomat, a look at Angola’s recent growth: Angola’s city of Lobito, resting behind a natural harbor on the Western side of Africa, is becoming a major industrial port city. It is the second largest port along Angola’s coast, and it has grown steadily over the course of the last two decades, strategically placed […]
Read more »Via South China Morning Post, a look at how – as Washington eyes the nation’s critical minerals and invests in a strategic rail project, Beijing leads in strengthening its supply chain: On the South Atlantic coastline, Angola stands out as rare ground on which the United States has been willing to vie with China for influence […]
Read more »Via Arabian Business Gulf Insight, a report on Oman’s decision to open an investment bank in Angola: Oman has established a corporate investment bank in Angola to expand its financial footprint in Africa’s emerging markets. The African Bank of Oman (ABO) falls under the objectives of Vision 2040, which seeks to diversify sources of national income […]
Read more »Via The Africa Report, a look at Banco Angolano de Investimentos’s plans to accelerate regional expansion: Banco Angolano de Investimentos (BAI) plans to raise the share of loans to the private sector to about 40% as it backs Angola’s push to diversify the economy away from oil and gas. The timing is favourable. Angola is hosting […]
Read more »Via New York Times, an article on the $4 billion Lobito Corridor project which was the Biden administration’s signature initiative in Africa. Early signs are that the Trump team supports it, too, for mineral access if nothing else. An 800-mile rail corridor stretching from Angola’s northern border to the Atlantic Ocean was former President Joseph […]
Read more »Via The Africa Report, a look at the Lobito Corridor project, in light of the Trump Administration’s dissolution of USAID: Despite US funding uncertainty, officials say the strategic rail and road project from DRC to Angola’s Atlantic coast will forge ahead. Angola insists its flagship Lobito Corridor project will move forward regardless of concerns over […]
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