News & Analysis: Angola

Frontier Debt Shines as Unlikely Haven in World of Rising Rates

“In terms of geography, money managers who specialize in frontier assets are almost united in favoring Africa, saying the region will benefit the most from rising raw material prices.”

via Bloomberg

Scott Morris: ‘How China Lends’ and the Implications for Africa’s Economic Recovery

“Better disclosure of the terms of the contracts themselves would certainly be better practice going forward, and in times of stress, it can facilitate quicker and easier engagement with the key multilateral actors.”

via COVID-19 Africa Watch

Sub-Saharan Africa: The devastating impact of conflicts compounded by COVID-19

“Across the region, the devastating impact of armed conflict in countries such as Ethiopia, Mozambique, Cameroon, and Nigeria, was compounded by the pandemic as a number of states weaponized it to crack down on human rights. The crackdowns included killings of civilians and arrests of opposition politicians and supporters and human rights defenders and activists in countries such as Angola, Guinea, and Uganda.”

via Amnesty International

Sir Paul Collier: Rethinking Roles and Responsibilities for Africa’s Economic Recovery

Oxford Professor, Sir Paul Collier, discusses the macroeconomic shocks suffered by African economies and the approach needed to accelerate the recovery.

via COVID-19 Africa Watch

Chinese lenders have extended US$7.6 billion in pandemic debt relief, mainly to Africa

“Chinese lenders have provided at least US$7.6 billion in debt relief to countries, mainly African nations, struggling during the coronavirus pandemic, according to a new data analysis.”

via South China Morning Post

Post-COVID-19 Economic Recovery: Can Technology Alone Lift African Economies?

Professor Danny Leipziger of George Washington University discusses the role of technology in shaping the future of Sub-Saharan Africa after the COVID-19 pandemic.

via COVID-19 Africa Watch

China and other countries are stepping into Africa’s worsening debt crisis

“Chinese banks have offered significant debt restructuring both before and during the coronavirus era acting within and outside of the G-20 arrangements.”

via Washington Post

Managing COVID-19’s Impact on Africa’s Sovereign Debt: An Interview with Danny Leipziger

COVID-19 Africa Watch talks to Danny Leipziger, Professor of International Business at the George Washington University, about debt and debt relief amid the ongoing coronavirus pandemic.

via COVID-19 Africa Watch

World Bank sees more countries in ‘deep debt distress’ this year

“Chad and several other countries are already in deep debt distress and more will join their ranks this year, given the severity of the global recession triggered by the COVID-19 pandemic, World Bank Group President David Malpass said.”

via Reuters

All This Talk About Vaccines Gives a Desperately-Needed Boost to Two of Africa’s Largest Oil Producing Countries

“The prices for Nigerian Bonny Light and Angolan Cabinda crudes have regained some lost ground in November thanks to the Pfizer vaccine news and the U.S. elections. Given that both countries face enormous debt servicing challenges, these higher oil prices will help to replenish government coffers.”

via China-Africa Project