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...
Trending
- AFIS 2026: BRVM advocates for increased integration of African capital markets
- InsurTech in Africa: Over $300 million invested in five years
- Senegal, banks: APBEF-SN adopts a new visual identity
- Allegria Ntumba Luaba appointed Director of Business Development at AfCRA
- Luanda Biennial: Félix Tshisekedi defends DRC’s sovereignty over its water resources
- Daily news from African financial markets
- AFINHAB: 100 billion FCFA of Social Bonds to expand household access to mortgage credit
- Cameroon: GECAM President Involved in Land Dispute That Undermines Private Investment
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.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com