China to give Angola 100 mln yuan for farming projects

The Chinese government will give Angola 100 million yuan (about US$14.75 million) in aid for agricultural projects, Lusa reports, citing a decree issued by Angolan President João Lourenço.

The Portuguese news agency says the aid is provided for by agreements on Sino-Angolan co-operation reached when Mr Lourenço visited China last October.

The report says Angola now owes China US$23 billion, China having arranged last year to lend Angola another US$2 billion.

The Chinese government has been lending to Angola through Chinese state-owned banks since 2002, Lusa says.