Courtesy of The Africa Report, a report on Angola’s stated tendency to ditch Russia for US as Lourenço eyes third term: From arms sales to green energy to direct flights, Luanda is forging ahead with ever-deepening ties with Washington even as other countries in southern Africa look to preserve their Cold War-era ties to Moscow […]
Read more »Via Bloomberg, a report that the US Development Finance Corp. is conducting due diligence for a potential $250 million financing package for the Lobito Atlantic Railway Corridor, which runs from Ndola in northern Zambia north through the southern Democratic Republic of the Congo and central Angola to the port at Lobito: US International Development Finance […]
Read more »Courtesy of The Wall Street Journal, a look at how as Big Oil retreats globally, smaller players are filling the gap: Under pressure from shareholders and activists, major energy companies are retreating from higher-polluting and riskier projects around the world. A bunch of smaller companies are rushing in to fill the void. In Nigeria, smaller […]
Read more »Courtesy of The Africa Report, an article on Kilamba Kiaxi, Angola’s giant city of the future: A flagship project of Angola’s former president José Eduardo dos Santos era, the ‘new city’, located on the outskirts of the capital Luanda, has not lived up to all its promises. However, projects of this type are multiplying, encouraged […]
Read more »Via AfricaPractice, a look at Angola’s mining potential: International investment in Angola’s mining sector has historically been limited relative to oil and gas, with capital deterred by accusations of grand corruption under former president José Eduardo dos Santos. However, the election of reformist president João Lourenço in 2017 ushered in major improvements to the business […]
Read more »Courtesy of The South China Morning Post, a look at the growing China/Angola relationship: Beijing was a key player in the African country’s reconstruction after decades of civil war But the oil-backed loans that drove that recovery are ebbing as both nations look for other partners When Angolan President João Lourenço met Chinese Foreign Minister Qin Gang […]
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