China has loaned Angola an estimated U.S.$60 billion dollars since the two countries established diplomatic relations back in 1983, making it one of the top destinations for Chinese financing in Africa. Angola is especially attractive for the...
Government auditors are taking a closer look at U.S.$10 billion worth of offshore oil investments by state-run China Petroleum & Chemical Corp. (Sinopec) that owe their existence to a Hong Kong businessman with a flair for networking in the...
China goes to great lengths to differentiate its engagement in Africa from the continent’s former European colonizers by emphasizing so-called “win-win development.” Chinese leaders regularly visit Africa where they emphatically reject the...
After oil prices fell, leaving a huge hole in Angola's finances, it became clear sub-Saharan Africa's third largest economy needed - and President Jose Eduardo dos Santos signed multi billion dollar loans with China.
Sam Pa is a mysterious man, largely unknown to the outside world. Yet Pa, who goes by at least seven different aliases, represents the nefarious side of China’s engagement in Africa. Sam Pa and his associates in the Hong Kong-based consortium...
Publicly, China's engagement in Africa is purportedly based on “mutual benefit” or, as Chinese officials like to phrase it “win win.” Behind the scenes, though, it's a little more complicated. Many of those multibillion-dollar natural resource-...
