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Angola’s Debt to China Declines as Trade Relations Strengthen

Agostinho Gayeta

Agostinho Gayeta is based in Luanda, Angola, with over 15 years of experience, he specializes in economic, financial, and political reporting for international organizations and has contributed to World Bank projects, enriching Angola’s media landscape.
  • Angola’s debt to China dropped to USD 15.8 billion by June 2023, down from USD 17.9 billion in 2021
  • Trade between the two countries surged 4.6% in the first half of 2024, reaching USD 10.6 billion

Luanda, Angola – Angola’s debt to China has continued to decline, dropping from USD 17.9 billion in 2021 to USD 15.8 billion by June 2023, according to Zhang Bin, the Chinese ambassador to Angola.

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