An analyst for financial information company Fitch Solutions, Tettey Addy, says the Angolan economy will continue to benefit from Chinese financing for at least the next five years, Lusa says.
The Portuguese news agency quotes Mr Addy as saying a case in point is the recent granting by China of US$11 billion in credit for 78 infrastructure projects in Angola.
“We see Angola taking some steps to diversify its funding sources, but it will remain highly dependent on Chinese funding in the coming years,” Mr Addy said.
Angola is among the main beneficiaries of Chinese investment because China wants Angolan oil so it can be less dependent on other sources, Lusa says.
