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Angola
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.
03 June 2020
Angola Talks With Oil Clients About Financing Facilities Reach “Advanced Stage”
Angola is in talks with some of its oil clients in a bid to restructure financing facilities, the Ministry of Finance has said. China is the main buyer of Angolan oil exports, and the creditor of around USD 23 billion .
31 May 2020
China´s Trade With Brazil, Cabo Verde and Timor Leste Resists Pandemic
Chinese trade with Brazil resisted the Covid-19 pandemic in the first quarter of the year and even rose in the cases of Cabo Verde and Timor Leste. However, exchanges with the remaining Portuguese-Speaking Countries (PSC) did not resist the pandemic.
29 May 2020
Huawei Brings Home Study Solution to Angola
With students learning at home because of social confinement due to Covid-19, teaching has gone on-line more than ever. Chinese IT company Huawei has been actively promoting Home study solution, that has now become available in Angola.
27 May 2020
China Supplies Aircraft to Angolan Air Force
The National Air Force of Angola (FANA) has started receiving its new Hongdu K-8W “Karakorum” training/ light attack aircraft, built by AVIC from China. According to an industry expert, FANA will operate a total of 12 such airplanes.
27 May 2020
China´s Oil Imports from Angola Continue Recovery
Angola was China's fifth top crude oil supplier in April, customs data showed, with imports rising 23.8% from the same month a year earlier. In the first four months of 2020, Chinese imports from Angola are still negative, despite the recovery.
25 May 2020
Angola and China Negotiating Debt Relief
The matter of Angola´s USD 23 billion debt to China was addressed by the foreign ministers of both countries. Angolan minister Tete António also called attention to his counterpart to Angola´s privatization program, according to a statement from the Angolan Government.
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