Chinese companies are quietly redrawing Africa’s economic map through billion-dollar investments in ports, transport corridors and industrial zones, advancing President Xi Jinping’s push to deepen Beijing’s influence over the continent’s minerals, factories and export routes.
Angola has now become the latest African country to secure a major Chinese-backed infrastructure investment after Huatong Angola Industry committed $900 million to developing a new port terminal.
Specifically, the agreement covers the sub-concession, construction and operation of the Barra do Dande Port Terminal in the northern province of Bengo.
The deal was signed in Luanda on July 20 by the state-owned Barra do Dande Development Company, Huatong Angola Industry and financial partner Berkshire Waterhouse Infrastructure Development Ltd.
Under the agreement, the sub-concession will run for 25 years and may be renewed depending on the project’s commercial performance and long-term viability.
