Trump’s disdain for the EU is no secret. He was a vocal supporter of Brexit in 2016 and has long accused the EU of implementing trade policies that undermine American businesses. This situation has been made worse by some EU leaders who have publicly criticized Trump in the past — comments that the president often takes personally. Trump’s co

The new parliament finally adopted the Law on the Sovereign Wealth Fund after many years of deliberation. The fund is composed of three sub-funds, designed to accumulate wealth, finance large state investments and support social measures. Budget discussions were notably intense, resulting in the adoption of a zero-deficit budget for 2025. But the F

or environmentally sustainable in the long term for Angola. The Angolan side hopes to develop its relationship with China from its previous focus on loans to a new paradigm of diversified private investments. This new trend does not mean that the Angolan government is trying to drive China away. Angola is seeking to develop non-oil industries and h

The second problem was the poor governance that had become prevalent in the previous dos Santos administration, exacerbated by the corruption fueled by Chinese loans. Dos Santos and some of his aides who managed Chinese loans and projects had amassed enormous wealth, while the majority of Angolans remained poor. The Lourenço administration launche

China provided huge loans to Angola by collateralizing oil. The international community named the contractual arrangement the “Angolan model.” China agreed on a resource for infrastructure (RFI) deal in which Angola would supply natural resources in exchange for China building infrastructure in Angola. With the formalization of the mining relat