Angola's state-owned diamond company, Endiama, has its eyes on a piece of De Beers. But there's a catch: the Angolan government won't be funding this deal through its national budget. That's what Finance Minister Vera Daves de Sousa made clear recently. Endiama had earlier shown interest in buying a smaller portion of De Beers. This comes as Anglo, the parent compan...
The Lobito Atlantic Railway (LAR) is on track to secure a significant loan from the U. S. International Development Finance Corporation (DFC) by the end of this year. This loan, amounting to $533 million, is crucial for upgrading 1, 300 kilometers of railway infrastructure in Angola. The upgrade aims to facilitate the transport of minerals vital for the global transi...
President Joe Biden has had to put his trip to Germany and Angola on hold. Why? Because a big storm, Hurricane Milton, is headed for Florida. This hurricane is expected to hit on Wednesday, and the president wants to make sure everything is ready and that people are safe. Originally, Biden was going to visit Berlin on Thursday and then travel to Angola in southern A...