Skip to content

Angola Caught in US-China Rivalry

Angola finds itself in a strategic tug-of-war between China and the United States as both nations vie for influence in the oil-rich country. US President Joe Biden’s postponed visit to Angola highlights Washington’s growing interest in the country, which experts suggest is aimed at countering China’s dominance. Angola plays a key role in China’s Belt and Road Initiative (BRI) and is one of its top crude oil suppliers. In return, China provides it with significant loans for infrastructure development. The US, through its G7-backed Partnership for Global Infrastructure and Investment (PGI), is focusing on projects like the Lobito Corridor, aimed at boosting trade and infrastructure in Angola. While China’s longstanding investments give it an advantage, the US hopes to leverage its partnership with Angola to reduce Chinese influence, particularly in key sectors such as infrastructure and energy.

SOURCE: DW

Subscribe

Stay informed and ahead of the game with our curated collection of the top 10 stories from Africa each day, Monday, Tuesday, Wednesday, and Thursday. On Fridays, gear up for the business world as we bring you the 10 most relevant and game-changing business stories. And on Sundays, prepare to be whisked away on a delightful journey through Africa’s vibrant lifestyle and travel scenes.