ChinaEconomy

Mozambique Not in China ‘Debt Trap’, Says Chinese Ambassador

A recent study by the Centre for Public Integrity (CPI) in Mozambique claiming the African country has fallen into a ‘debt trap’ due to its high indebtness to China, has now been rebutted by the Chinese ambassador and an academic. Speaking to State-owned Global Times…
AngolaChina

"China has done everything it can to help Angola"

Angola’s debt restructuring agreement with China will be signed “very soon”. The guarantee was given by a spokesman for the Ministry of Foreign Affairs of China. “At this point, a debt restructuring agreement has basically been reached,” said…
Cape VerdeLusofonia

Cape Verde wants debt relief to Africa

Cape Verdean Prime Minister Ulisses Correia e Silva called for a recovery program for Africa from the crisis caused by the covid-19, with a global pact for forgiveness of foreign debt and access for all to the future vaccine. When speaking at the 75th session of the…
AngolaEconomy

Angola owes US $ 20.1 billion to China

The real value of Angola’s debt to China is estimated at US $ 20.1 billion, and is the country’s largest creditor. The accounts were presented by the Angolan finance minister, Vera Daves. Of this amount, 10 billion dollars went to the capitalization of Angolan…
AngolaEconomy

Angola with a “quieter” future with debt relief

Angola’s finance minister Vera Daves said on Friday that the debt relief initiatives negotiated at the G20 should result in savings of $6 billion (€5 billion) by 2023. Vera Daves was speaking today at a press conference in Luanda, two days after the…
AngolaEconomy

Paris Club suspends payment of Angola's debt

Luanda now has to obtain from all other official bilateral creditors, namely from China, a debt service treatment that is in line with the agreement with the Paris Club. Representatives of the Paris Club’s creditor countries confirmed the suspension of payments of…