Connect with us

Hi, what are you looking for?


Chad `Repaying Debt Of $100m To Angola With Cattle`

Chad Repaying Debt Of 100m To Angola With Cattle
Chad Repaying Debt Of 100m To Angola With Cattle

(KDRTV)-Chad has commenced repaying Angola a debt of $100m (£82m) with cattle- Angola`s state newspaper has proclaimed

The unique exchange between the two countries is supposed to be a win-win scenario as Chad is short of cash while Angola is short of cattle

Read also: Coronavirus; Police Reveal Details of Mukuru Patient Who Was Rushed to Mbagathi Hospital

At 1000 cows arrived Angola`s capital, Luanda by ship as the first payment -Jornal de Angola reported

Reports intimate that Angola with receiving a total of 75, 000 cattle over 10 years, implying that it has accepted payment of $1,333 per cattle

The newspaper also reported that Chad would again send 3500 cattle later this month

Chad had made a proposal of debt repayment with a cattle and Angola accepted since it would help the desert hit the country to refurbish its cattle population in drought-affected areas

Despite the fact that Angola is rich in oil, the country is still struggling to recover from the legacy of a 27-year civil war that ravaged the country after independence

Chad is globally known as the “livestock farming country par excellence”

Livestock makes 30% of Chad`s exports, and it is the major source of foreign income in the country after oil

Read also: Ruto’s Troubles Deepen as Firm Files for Bankruptcy

KDRTV had previously published a report where World Bank described Chad`s economy as that one which “remains fragile” due to considerable risks, such as oil price volatility and regional insecurity impacted by the militant Islamist groups operating in the region




Subscribe to watch latests videos
Click to comment

You May Also Like


(KDRTV) – Popular and controversial man of the cloth Pastor James Ng’ang’a of the Neno Evangelism Centre has a serious battle in his hands...


(KDRTV) – Zari Hassan is a Ugandan socialite and entrepreneur based in South Africa. She was married to the Late Uganda tycoon Ivan Don...


A high-ranking government official in Tanzania has claimed that Dr. John Pombe Magufuli was killed by the Chinese in collaboration with the Western Countries


Eric died in his house and spent a couple of days before he was discovered