• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Angola seeks Chinese, private funds for refinery, air force base

2 years ago
in Business, Economy, Energy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
53
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Angola seeks Chinese, private funds for refinery, air force base

Angola seeks financing from China or private investors to build a refinery at the port city of Lobito, a petrochemical plant and a military air force base, President Joao Lourenco said.

The southwest African nation also wants to attract investors from China for its oil blocks, Lourenco said in excerpts of a speech published in the Luanda-based Jornal de Angola.

Export-Import Bank of China and Industrial and Commercial Bank of China have extended a deadline for releasing financing to Angola to build the 2,172-megawatt Caculo Cabaça hydroelectric dam, after Lourenco asked that country’s authorities to intervene.

The Angolan president is in China this week, holding discussions with Premier Li Qiang and other officials in the Asian nation. During meeting in Beijing on Friday, Chinese President Xi Jinping and Angola’s President announced the elevation of bilateral ties between the two nations to a comprehensive strategic cooperative partnership, according to a Xinhua readout on the meeting.

Xi said China is willing to work with Angola to implement key infrastructure projects. He also said he hoped Angola will take more effective measures to protect the legitimate rights and safety of Chinese citizens and enterprises in the country, as per the statement.

Angola owes Chinese creditors about $17 billion, $12 billion of which is due to China Development Bank and Eximbank. The loans from the two lenders are secured by oil collateral and “demanding repayment terms,” Lourenco said.

RelatedPosts

Chart of the Week: Dollar’s Share of Reserves Held Steady in Second Quarter When Adjusted for FX Moves

Sinner Dominates Tien to Secure China Open Title

President Mahama Vows Tougher Action on Cybercrime, Promises Collaboration with Global Partners

In recent days, Angola’s finance minister and the minister of economic coordination have been working with Chinese officials and financial institutions to study measures that would “relieve” Angola’s debt burden, the president said.

“Most of the constraints we presented have been unblocked,” Lourenco said, without giving details.

Source: bloomberg
Via: norvanreports
Tags: air force baseAngolaAngola seeks Chineseprivate fundsprivate funds for refinery
No Result
View All Result

Highlights

Government to Establish Cyber Security Fund to Bolster Digital Defences

Headline Inflation Hits Single-Digit With 9.4% Rate in September 2025

Bank of Ghana Prices 1oz Gold Coin at GHS 49,131.99

Ghana Hosts IGAD Delegation on Land Governance Exchange

First National Bank Champions Health, Unity, and National Pride With the 2025 Accra Marathon

U.S. Government Shutdown Leaves Energy Markets on Edge

Trending

Business

Chart of the Week: Dollar’s Share of Reserves Held Steady in Second Quarter When Adjusted for FX Moves

October 1, 2025

Chart of the Week: Dollar’s Share of Reserves Held Steady in Second Quarter When Adjusted for FX...

Sinner Dominates Tien to Secure China Open Title

October 1, 2025

President Mahama Vows Tougher Action on Cybercrime, Promises Collaboration with Global Partners

October 1, 2025

Government to Establish Cyber Security Fund to Bolster Digital Defences

October 1, 2025

Headline Inflation Hits Single-Digit With 9.4% Rate in September 2025

October 1, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.