Sonangol, the Angolan national oil company, announced on Wednesday that it is in discussions with Chinese financial entities to obtain a $4.8 billion loan. This financing is intended to cover part of the construction cost of a new refinery at the Atlantic port of Lobito. During a press conference, Sonangol’s CEO, Sebastião Gaspar Martins, stated…...
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Angola: Sonangol seeks $4.8 billion from China to finance a refinery
Rodrigue Fénélon Massala
Rodrigue Fenelon Massala is a Senior Reporter at Financial Afrik. He holds a degree in Diplomacy from ENAM in Ouagadougou, a Master’s degree in Media Management and Communication from the École Supérieure de Journalisme (ESJ) in Lille, as well as a Master’s in Law, Economics, and Management with a specialization in Management from the University of Lille. Rodrigue Fenelon Massala is a pan-Africanist with a deep passion for culture, international geopolitics, contemporary history, and African finance.
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