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Angola
19 June 2020
African Economic Growth to Stagnate in 2020, in “Optimistic” Scenario – UN
The United Nations Economic Commission for Africa (UNECA) has revised from 3.2% to 0% its growth forecast for the continent this year. T
18 June 2020
China Commits to Assisting African Countries Financially During Pandemic
China will waive some African nations’ debt and is willing to provide further support including loan-maturity extensions, according to Chinese President Xi Jinping
16 June 2020
Angola Oil Revenues At 10-Year Low in May
Angola´s oil export revenues fell by almost 74% in May, to only USD 747 million. According to Government data, this was the lowest figure since the beginning of the statistical series, in 2009.
09 June 2020
China Delays Debt Repayments for 77 Low-Income Countries
The Chinese government said it has agreed to delay debt repayments for low-income countries, as part of the Group of 20 nations debt relief program.
03 June 2020
Angola Talks With Oil Clients About Financing Facilities Reach “Advanced Stage”
Angola is in talks with some of its oil clients in a bid to restructure financing facilities, the Ministry of Finance has said. China is the main buyer of Angolan oil exports, and the creditor of around USD 23 billion .
25 May 2020
Angola and China Negotiating Debt Relief
The matter of Angola´s USD 23 billion debt to China was addressed by the foreign ministers of both countries. Angolan minister Tete António also called attention to his counterpart to Angola´s privatization program, according to a statement from the Angolan Government.
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