Caculo Cabaca News Today

Earnings by Chinese firms from construction works in Africa have dropped by 31 per cent since 2015. Experts say this is the ‘new normal’.

Angola was the biggest African recipient of Beijing’s funding, but a fall in oil prices has left the country struggling to service its debts.

TXF is pleased to announce the winners of its inaugural Dealmakers of the Year Awards for 2023, a celebration of the most decorated export finance practitioners from our Dealmakers database.

Angolas independence was proclaimed on Nov. 11, 1975 by then-President of Angola Antonio Agostinho Neto. After independence, Angola was devastated by a civil war that lasted until 2002, destroying the countrys main infrastructure, particularly the breadbasket of agribusiness. These factors inhibited productivity throughout the country.

Africa’s second largest economy is benefiting from a rise in global oil prices, but owes Chinese lenders US$42.6 billion.

Construction of the dam in a hydropower plant project in Angola, will begin soon, as the stream of a river feeding the site was successfully blocked recently.

Angolan president praises Chinese-built hydropower station for its socioeconomic contribution-

Ten years ago, when China proposed the Belt and Road Initiative, Andrew Gatera, then a college student in Beijing, could hardly imagine it would play such a big role in his career in Africa.

Partnering with China to advance the Belt and Road is a strategic choice made by African countries

Sustainable and green projects...