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Angola
24 June 2020

Hong Kong´s Sunshine Industry Gets Concession in Angola to Mine Rare Mineral
Mining company Niobonga is investing USD 100 million to launch, in the second half of 2020, the exploration of niobium, in the Angolan province of Huíla.
22 June 2020

Angolan Privatisations and Economic Diversification Efforts Hurt by Pandemic – EIU
The Angolan Government´s ongoing drive to privatise dozens of companies and attract foreign investment to free zones will be hampered by the global economic downturn caused by the Covid-19 pandemic.
19 June 2020

African Economic Growth to Stagnate in 2020, in “Optimistic” Scenario – UN
The United Nations Economic Commission for Africa (UNECA) has revised from 3.2% to 0% its growth forecast for the continent this year. T
18 June 2020

China Commits to Assisting African Countries Financially During Pandemic
China will waive some African nations’ debt and is willing to provide further support including loan-maturity extensions, according to Chinese President Xi Jinping
17 June 2020

Sinopec Could Increase Stakes in Angolan Oil Fields in Debt Relief Deal – Verisk Maplecroft
A possible solution for  debt relief negotiations underway between the two countries could lead to an increase of Chinese state oil company´s stakes in Angolan oil fields, according to Verisk Maplecroft.
16 June 2020

Angola Oil Revenues At 10-Year Low in May
Angola´s oil export revenues fell by almost 74% in May, to only USD 747 million. According to Government data, this was the lowest figure since the beginning of the statistical series, in 2009.
14 June 2020

Angola Aiming to Bring in Chinese Investment for Trans-Continental Transport Project
According to Angola´s ambassador to Beijing, the country is aiming for Chinese support for a trans-continental transport project.
12 June 2020

Angolan Sovereign Wealth Fund Invests Extra USD 5 Million in Rare Earths Project
The Angolan Sovereign Wealth Fund, FSDEA has invested a further A$7.25 million (USD 5 million) in Pensana Rare Earths, which is engaged in the country´s major rare earths mining project, in Longojo.
09 June 2020

China Delays Debt Repayments for 77 Low-Income Countries
The Chinese government said it has agreed to delay debt repayments for low-income countries, as part of the Group of 20 nations debt relief program.
07 June 2020

Angola Cuts Oil Shipments to China
Angola is cutting the number of oil cargoes that it will ship to China, as it seeks to renegotiate repayment terms to deal with the crippling impact of the coronavirus. Oil shipments to Chinese state firms are used to pay down debt to Beijing.
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