top of page
Moving People

News

Chad to Repay U.S.$100 Million Debt to Angola With Cattle

  • VOANews
  • Mar 18, 2020
  • 1 min read

Angola has agreed to receive 75,000 cattle from Chad as payment of a $100 million debt from the cash-poor north central African country.

The cattle will be delivered over the next 10 years as repayment for the 2017 debt. Local news report said the first installment of 1,000 cows has already arrived in Angola’s capital Luanda and has been delivered to the Ministry of Agriculture.

Another shipment of 3,500 heads of cattle is expected later this month. Reports say the agreement works for both sides because Chad is short of money and Angola needs cattle.

Angola is a southern African country rich in oil, but still struggling to recover from the ravages of the protracted civil war following 1975 independence from Portugal. Parts of Angola are prone to droughts that kill its cattle.

Chad is a landlocked north central African country with an abundance of livestock. While oil is its top exports, the former French colony also exports cattle.


Comments


construction-image1.jpg

Subscribe and keep up to date with all the latest news from Oakmark

Subtle Shapes Transparent
WEST AFRICA'S NO.1 ECONOMIC AGENTS

Oakmark Global Vision provides a bespoke business package to established corporate bodies, investors, and entrepreneurs who desire to enter the West & Pan African market. Find out more >

© 2025 Oakmark Global Vision Ltd - All Rights Reserved.

UK Company No. 07634879 / Nigeria Company No. RC 1288232

Regional Office

International Office

1 Kandi Close, Off Aminu Kano

Crescent, Wuse 2, Abuja F.C.T

Nigeria 

+234 -(0)- 929 207 02

+234 (0) 704 497 6500

info@oakmarkglobalvision.com

King Court, 17 School Road

Hall Green, Birmingham

United Kingdom  B28, 8JG

+44 (0) 121 244 1814

+44 (0) 746 625 2505

info@oakmarkglobalvision.com

 Oakmark Global Vision Limited

bottom of page