Essential The Africa the Media Doesn't Tell You About

[Premeditated]

Hey, big spender! | Article | Africa Confidential! (article on Ghana!)

Senegal already said they'll pay off their dept with 1/3rd of oil money and gas money.

 

[Premeditated]

Not enough till land reform is a success.

God, I swear, I read somewhere that the land reform will start next March. it was just yesterday

 

[The Odum of Ala Igbo]

Senegal already said they'll pay off their dept with 1/3rd of oil money and gas money.

OK

 

[AB Ziggy]

IMF approves $3.7 billion loan for oil-rich Angola

IMF approves $3.7 billion loan for oil-rich Angola

by ASSOCIATED PRESS
Published: Sat, December 8, 2018 7:09 AM Updated: Sat, December 8, 2018 7:09 AM
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https://newsok.com/article/feed/7752301/imf-approves-37-billion-loan-for-oil-rich-angola#comments

JOHANNESBURG (AP) — The International Monetary Fund says it has approved a three-year loan of about $3.7 billion for Angola, which seeks to diversify its economy and curb corruption after a new president took office last year.

The IMF said Friday that the loan aims to help the southern African country restructure state-owned enterprises and take other measures to improve economic governance.

Angola had experienced a surge in growth because of oil exports under former president Jose Eduardo dos Santos, but poverty and cronyism persisted. A fall in commodity prices years ago tipped the Angolan economy into crisis and showed that it was too reliant on oil.

President Joao Lourenco, who succeeded dos Santos, has distanced his administration from his former boss, pledging to fight corruption and meeting with government critics.

 

[The Odum of Ala Igbo]

Did y'all see how Somalia is giving fishing licenses to Chinese trawler companies?

 

[The Odum of Ala Igbo]

IMF approves $3.7 billion loan for oil-rich Angola

IMF approves $3.7 billion loan for oil-rich Angola

by ASSOCIATED PRESS
Published: Sat, December 8, 2018 7:09 AM Updated: Sat, December 8, 2018 7:09 AM
0
shares

JOHANNESBURG (AP) — The International Monetary Fund says it has approved a three-year loan of about $3.7 billion for Angola, which seeks to diversify its economy and curb corruption after a new president took office last year.

The IMF said Friday that the loan aims to help the southern African country restructure state-owned enterprises and take other measures to improve economic governance.

Angola had experienced a surge in growth because of oil exports under former president Jose Eduardo dos Santos, but poverty and cronyism persisted. A fall in commodity prices years ago tipped the Angolan economy into crisis and showed that it was too reliant on oil.

President Joao Lourenco, who succeeded dos Santos, has distanced his administration from his former boss, pledging to fight corruption and meeting with government critics.

I wonder how this loan will be used?

 

[Apollo Creed]

Bulk of the top Tech Start Ups are appear to be started by White and Indians

 

[Red Shield]

Did y'all see how Somalia is giving fishing licenses to Chinese trawler companies?

Bulk of the top Tech Start Ups are appear to be started by White and Indians

black folk love being losers I guess

 

[The Odum of Ala Igbo]

Y’all see John Bolton’s speech?

 

[Red Shield]

Y’all see John Bolton’s speech?

At least Bolton is being 100% blunt about the usa's true intentions. But very stupid if the usa wanted to actually advance it's interests in the area.


I'll be surprised if the usa makes it outta the 2020s

 

[The Odum of Ala Igbo]

At least Bolton is being 100% blunt about the usa's true intentions. But very stupid if the usa wanted to actually advance it's interests in the area.


I'll be surprised if the usa makes it outta the 2020s

American policy-makers, vis-a-vis Africa, are quite dumb. I'd tell them what to do, but I'll never get over what they did to Patrice Lumumba

 

[phcitywarrior]

I wonder how this loan will be used?

$3.7 Billion...man I hope they don't blow this on some dumb stuff.

If you can't manage $100k, what makes you think you can handle $3.7 billion.

Take loans you can't repay and end up in debt traps and have your natural resources repoed African country brehs

African countries need to sit down and set their foundation first before borrowing money

 

[Secure Da Bag]

IMF approves $3.7 billion loan for oil-rich Angola

That sentence is so contradictory that it hurts my head. You'd think the leader of such a nation would be somewhat shamed by that.

 

[The Odum of Ala Igbo]

 

[thatrapsfan]

Did y'all see how Somalia is giving fishing licenses to Chinese trawler companies?