The oil price crash severely cut Angola’s revenue and raised concerns over its ability to repay its loans. Photo: ReutersThe oil price crash severely cut Angola’s revenue and raised concerns over its ability to repay its loans. Photo: Reuters
The oil price crash severely cut Angola’s revenue and raised concerns over its ability to repay its loans. Photo: Reuters

Angola seeks to rethink debt deal with China as oil revenue slumps

  • African nation relies on the fuel shipments to repay its debts, but the resource’s value has fallen sharply during the coronavirus pandemic
  • Beijing says it takes Luanda’s request seriously and ‘relevant departments and financial institutions’ are handling the matter
Topic |   China-Africa relations
The oil price crash severely cut Angola’s revenue and raised concerns over its ability to repay its loans. Photo: ReutersThe oil price crash severely cut Angola’s revenue and raised concerns over its ability to repay its loans. Photo: Reuters
The oil price crash severely cut Angola’s revenue and raised concerns over its ability to repay its loans. Photo: Reuters
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