Chad Repaying It’s $100m Debt To Angola With 75,000 Herds Of Cattle

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Africa is one very interesting continent, trust me.

So apparently, Chad owes Angola $100m from a 2017 debt and guess what they are going to use to settle it? cattle, yes you read that right. Cattle.

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

According to the BBC, More than 1,000 cows arrived by ship in Angola’s capital, Luanda, as the first payment.

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.

Ohhh, Africa!


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