Continental Focus, International Reach

Brazil Extends Angola Credit

Thursday, June 19, 2014

Angola will be receiving a new line of credit worth $2 billion for use in its energy and construction sectors via Brazil, according to Angolan Finance Minister Armando Manuel. This will be the sixth line of credit that the South American country has extended to Angola.

“The new line raises the total to $7.83 billion, which makes it clear that there is a growing link between the two countries,” Manuel said in comments broadcast by Angola state TV network TPA.

 

 


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