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 […]
Read more »Via The Diplomat, a look at how China and the United States are engaged in a battle for access, resources, and influence along railways in Tanzania, Zambia, Angola, and the DRC, echoing trends from the colonial era. The Mukuba Express had been motionless for eight hours, stopped in a small village about 50 miles west […]
Read more »Via Bloomberg, an article on how an expansion of the US’s biggest strategic critical-minerals project in Africa is at risk: A billion-dollar expansion of the biggest US strategic critical-minerals project in Africa faces delays because of the Trump administration’s sweeping foreign-aid freeze, providing a potential opening for rivals like China. The Lobito corridor railway project […]
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