Wednesday, July 20, 2022

Angola Seeks to Diversify Its Economic Links Beyond China

 Geopolitica posted on 19 July 2022 a commentary titled "The China-Angola Honeymoon Is Over, Is Africa Listening?" by Valerio Fabbri.

The fall, until recently, of the price of oil and COVID-19 did serious damage to Angola's economy.  It resulted in the need for Angola to commit most of its oil production for paying off what is still more than $23 billion of debt to China.  Angola has concluded that it must diversify its economy and its economic partners.