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ChinaBacked

Africa’s #2 Oil Exporter Reduces China-Backed Loans Amid Market Shifts

Angola’s Evolving Debt Dynamics: A Sustainable Financial Future As Angola gears up for the close of the financial year, there’s a palpable sense of cautious optimism within its fiscal corridors. The country’s oil-backed debt to China is projected to decrease to a more manageable range of $7.5 billion to $8.0 billion. This insight comes directly from Dorivaldo Teixeira, the Director of the Debt Management Unit at the Finance Ministry, who stands at the forefront of this fiscal undertaking.…

Burkina Faso’s Junta Launches China-Backed Cement Plant

A significant milestone has been reached in Burkina Faso with the inauguration of a novel cement plant named Société Industrielle Sino Burkina de Ciments SA, or CISINOB SA. Nestled in the heart of Laongo within the Plateau-Central region, this complex exemplifies progress and promise. Why does this matter? With an impressive daily production capability of 2,000 tonnes, the plant is set to become a pivotal player in job creation, particularly for the nation's youth. Imagine hundreds of lives…

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