Biden’s Angola Visit: A Strategic Play for Critical Minerals and Countering Chinese Influence

President Biden’s upcoming trip to Angola marks a significant shift in U.S. foreign policy in Africa. The visit focuses on bolstering infrastructure development and securing critical minerals for the green energy transition, while also aiming to counter China’s growing influence on the continent. The trip is set to revolve around the strategic Lobito Corridor project, a key infrastructure link for exporting copper and cobalt, essential components for electric vehicles and renewable energy. This visit is particularly crucial as Angola seeks to diversify its economic partnerships and reduce dependence on Chinese loans.

EU and Angola Ink First-of-Its-Kind Investment Deal, Focusing on Green Transition

The European Union has signed a groundbreaking Sustainable Investment Facilitation Agreement (SIFA) with Angola, aiming to attract EU investment in green energy, agriculture, and essential minerals while encouraging Angola to diversify its economy beyond oil. This deal is part of a larger effort by the EU to secure critical resources for its green transition and foster sustainable development in Africa.

TAAG Angola Airlines Unveils New Livery Showcasing National Pride

TAAG Angola Airlines is set to receive new Airbus A220 and Boeing 787 Dreamliner aircraft featuring a redesigned livery that celebrates Angolan culture. The livery prominently displays the Palanca antelope and incorporates patterns inspired by the Samakaka fabric, signifying national pride. The airline is also facing challenges with the transition to a new airport and navigating the competitive African aviation market, prompting a strategic plan for fleet and route expansion.

Angola Hikes Diesel Prices by 48% as It Phases Out Fuel Subsidies

Angola has increased diesel prices by around 48% as part of the government’s effort to eliminate costly subsidies that have put a strain on public finances. The price of diesel has climbed to 200 kwanzas per liter (R4.60 per liter), while the prices of other fuels like petrol and liquefied petroleum gas have remained unchanged. Angola, like other significant African crude producers, has been under pressure from rising debt costs and high gasoline prices. Many nations, including Nigeria, Cameroon, and the Democratic Republic of Congo, have tried to eliminate fuel subsidies, often causing public fury.

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