By africanes Angola’s is failing to control its foreign and domestic debt which is estimated at nearly $80 billion despite being the second largest oil producing country in Africa and the continent’s third strongest economy. The debt is very high considering that the country has a resources that has been a major contributor to it’s…

LUANDA (Reuters) – Angola has secured $2 billion in Chinese financing from the China Development Bank for infrastructure projects on President João Lourenço’s first visit to Beijing, Angola’s state newspaper Jornal de Angola reported on Wednesday. Details of the terms of the financing were not released. The finance ministry did not immediately respond to a…

chinaafricaproject.comchinaafricaproject.com Photo By Yinka Adegoke, Quartz Africa editor The Angolan newspaper Expansão had an intriguing front page cover this week. It declared, “Every Angolan owes $745 to China.” It also listed debt to other countries, but debt to China was more than seven times what’s owed to the next creditor, Israel. By some estimates Angola…

Fonte: Correio Angolense No dia primeiro do corrente mês a China inaugurou no Corno de África, mais concretamente no Djibouti, a sua primeira base militar no estrangeiro, numa jornada em que celebrava os 90 anos do Exército de Libertação Popular (ELP). De acordo com o que as autoridades de Pequim disseram, a instalação desta base…

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