Chad Repaying $100 Million Debt To Angola With Cattle

Chad is repaying Angola a debt of $100m (£82m) with cattle, Angola’s state-run newspaper has reported.

The unusual agreement is seen as creating a win-win situation for both nations – Chad is short of cash while Angola needs cattle.

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More than 1,000 cows arrived by ship in Angola’s capital, Luanda, as the first payment, Jornal de Angola reported.

In total, Angola would receive 75,000 cattle over 10 years, meaning it has accepted payment of $1,333 per animal.

Chad would send a further 3,500 head of cattle later this month, the report added.

9News Nigeria TV

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Wisdom Nwedene studied English Language at Ebonyi State University. He is a writer, an editor and has equally interviewed many top Nigerian Politicians and celebrities. For publication of your articles, press statements, contact him via email: nwedenewisdom@gmail.com