Posted Tuesday, May 17, 2016 at 11:20am
Angola is one of Russia’s strongest partners in sub-Saharan Africa, with a relationship formed during the Cold War. The legacy of Soviet military provisions to the country has helped Angola remain a reliable market for Russian weapons exports. In the economic and financial domain, however, it is Alrosa, Russia’s state-owned diamond mining company, that forms the most significant strategic between the two countries.
Posted Tuesday, May 17, 2016 at 1:23am
Although Angola’s path to democratization has been bogged down by the entrenched interests of the political elite and rampant corruption, the country has found significant success in economic terms by tapping into its vast oil wealth. Today, China takes a massive 48.1% of the country’s total exports, primarily in the form of oil deliveries. Of the 94% of Angolan exports that are made up of crude oil, some 50% go to China.
Posted Tuesday, May 17, 2016 at 1:19am
In the relative calm following the devastation of the First and Second Congo Wars, the Democratic Republic of Congo (DRC) has experienced consistent economic growth from the 2000s through the present day, fueled by aggressive Chinese investment and Beijing’s interest in leveraging the DRC’s mineral wealth to supply its growing economy back home. DRC exports to China have risen from $26.3 million in 2003 to $2.8 billion today, driven in ...