News Angola Loans: Namibia: Giraffe Relocated to Angola's Iona National Park Bordering Namibia
The Namibia-based Giraffe Conservation Foundation has just announced that 14 giraffe were translocated successfully to the Iona National Park in the southwestern corner of Angola, adjacent to the Kaokoveld in the Kunene region but separated by the Kunene River.
News Angola Loans: China in Africa: why Angola's economy is likely to rely on Chinese financing for decades to come
Since becoming Angolan president in 2017, Joao Lourenco has been trying to diversify the economy away from oil and to reduce the country's dependence on China. To that end, Lourenco has been trying to align more with the United States and Europe, than China - as was the case with his predecessor, the late Jose Eduardo dos Santos, who attracted Chinese capital for the reconstruction of the economy after the 26-year civil war ended in 2002. But observers say it might take decades to reduce the cou
News Angola Loans: Pensana Secures Financing for Mine Development in Angola
By Michael Susin Pensana said late Tuesday that it has secured a further financing for the development of the Longonjo mine in Angola. The U.K. rare-earth...
News Angola Loans: China-financed projects yield new opportunities in Angola, experts say
China, International, MNA | "If today we see the construction of schools, bridges, and other projects, there is always some Chinese financing involved," Pedro Magalhaes, rector of Angola's Agostinho Neto University, has said.
News Angola Loans: Deutsche Bank Closes Financing for $305M Road Project in Angola
Investment banking company Deutsche Bank, with the support of pan-African financial institution the African Trade Insurance Agency (ATI), has...
News Angola Loans: China Will Help Restructure Zambia’s Debt. What Exactly Does That Mean?
Around 30 percent of Zambia’s total loans are owed to China, the same percentage as owed to the private sector via “Eurobonds,” versus around 19 percent owed to development banks – mostly ...
News Angola Loans: Angola Stock Exchange is finally set for its first IPO 8 years after it was established
READ: Kenya's retail investors use 52.4% of their shares as collateral for bank loans According to Bloomberg, Angola finally exited its recession in 2021, even as global ratings agency, Moody's, ...
News Angola Loans: Chinese Lending to Africa Falls During First Year of Pandemic
Chinese loans to African governments plunged by more than three-quarters in the first year of the pandemic compared to the year before, researchers have found, with new loan commitments in 2020 at ...
News Angola Loans: China slashes African infrastructure loans but ICT funding holds firm
Chinese lending to Africa fell by 78 per cent to its lowest level in more than a decade in 2020, with just 11 deals signed worth US$1.9 billion - partly because of the Covid-19 pandemic. According to the Chinese loans to Africa database, managed by the Boston University Global Development Policy Centre, this compares with 33 loan agreements worth US$8.3 billion in 2019. The 2020 agreements included transport, power, ICT and banking sector projects in eight countries - Burkina Faso, Democratic Re
News Angola Loans: China applies brakes to Africa lending
Beijing has signalled a more cautious approach amid warnings that several African countries could struggle to repay debts ...
News Angola Loans: VTB lowered the minimum rate on car loans without collateral to 4.5%
VTB has introduced an additional discount of 1 pp for the unsecured car loan program "Money on hand". It can be used by customers who have provided a vehicle as a pledge. As a result, the minimum ...
News Angola Loans: China puts the brakes on African lending
A 20-year lending spree has made Beijing the mineral-rich continent’s largest source of development finance but the pandemic means default risks are rising.
