Lobito Corridor: Illustrates Lack of American Imagination in Africa
September 15th, 2024
Via the Pan African Review, critical commentary on the Lobito Corridor: “This is a project that will showcase the American model of development.” These were the words of US ambassador to Angola, Tulinabo Mushingi, when he spoke to the Financial Times on the subject of a new $10bn US-funded rail investment in the country. At a time […]
Read more »As China Buys Less Oil, Angola Struggles To Repay Debt
September 6th, 2024
Via Eurasia Review, a report on how – as China buys less oil – Angola struggles to repay its debt: Angola’s long-running financial relationship with China has been built on a simple equation: Angola would repay its growing Chinese debt with oil, a strategy that became known as the Angola Model. The strategy is faltering, […]
Read more »Angola Looks To Cement Washington Ties As Host of 2025 US?Africa Business Summit
September 6th, 2024
Via The Africa Report, an article on Angola’s desire to cement its Washington ties by hosting the 2025 US?Africa Business Summit: Angola is in talks to host the largest American business gathering in Africa as President João Lourenço seeks to deepen ties with the US and draw global attention to his country in 2025. President João […]
Read more »Angola: Oil Dependency Leaves Thin Margin For China Debt Service
September 4th, 2024
Via The Africa Report, an article on Angola’s dependency on oil exports: Angola needs to diversify its economy away from oil – but oil receipts are the only way to pay for it. Rising Angolan state arrears on payments to Chinese contractors highlight the risks of sovereign debt distress amid an uncertain outlook for global oil prices, […]
Read more »U.S. Taps Tanzania For Infrastructure Plan In Battle With China For Minerals
August 30th, 2024
Via The East African, an article on U.S. interest in Tanzania’s mineral sector: The US is roping Tanzania into the mooted Lobito Corridor project to tap the Kabanga nickel deposit, but with a wider focus on rivalry with China in areas where development will take place. The details emerged this week as Washington spoke of […]
Read more »Africa’s Petrostates: Missing Out On Oil Boom
August 28th, 2024
Courtesy of The Financial Times, commentary on those African petrostates are missing out on the oil boom — and why it matters because these countries need to finance their energy transitions: Angola’s dramatic exit from the oil cartel Opec+ late last year was interpreted as a historic pivot to the west. The less understood but […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.