Boom-bust all over again

China is offering another mega-loan and oil prices are rising again but Luanda’s short-term finances are fraught

Market reports that negotiations have stalled between the government and Goldman Sachs over a complex, US$250 million, dual currency (United States dollar and Angolan kwanza) loan facility point to the worsening short-term problems with Angola’s state finances. Banking sources link the negotiation problems to the government’s continuing postponement of its plans to float a $4 billion eurobond.

Article Tags:
United States, China, Gabon, Nigeria, Manuel Nunes Junior, Greece, Portugal, Carlos Alberto Lopes, Hélder José, Brazilian, Norwegian, David Aserkoff, Saudi Arabia, South Africa, Grupo Soares da Costa, Banco Nacional de Angola, kinguilas, Banco Africano de Investimentos

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