A further USD1 billion in loan from China will be made available to boost Angola's agriculture industry,

learned. "We are ready to grant a line of credit of more than a billion dollars but we think the amount could be insufficient and it may be increased to meet the needs of Angola's agriculture, cereal production and processing of agricultural product," Chen Yuan, chief executive of the China Development Bank, was quoted by Angop as saying. The African nation is reported to have secured some USD5 billion in Chinese loans to back postwar rehabilitation efforts.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.