Cumulative value of Chinese loans to Angola, by sector 2000-2019
Angola borrowed around 42.6 billion U.S. dollars from China in the period between 2000 and 2019. Mining was the sector where the highest amount (17.6 billion U.S. dollars) was allocated. Power and transport sectors followed, each with a total of 7.1 billion and 6.7 billion in loans. The amount loaned refers to commitments signed between Chinese financiers and the Angolan government as well as Sonangol, the state-owned oil company.