Sino Agro Food Inc (fka SIAF)

[Handlamera]

Best possible business partner as China lends millions to Angola!

As of 2007, Angola was China's biggest trading partner in Africa.[7] Trade between the two countries was worth US$24.8 billion in 2010.[8] In 2011 and in the first 8 months of 2012 it was the second largest trading partner of China in Africa, after South Africa.[9] In 2016, trade between the two countries was worth US$15.6 billion. Chinese exports to Angola amounted to US$1.68 billion and Angolan exports to China amounted to US$13.97 billion[10]

Chinese Development Finance to Angola Edit
Since the first Forum on China Africa Cooperation conference in 2000, Beijing has completed $465 million of official development finance projects in Angola (financial amounts normalized in 2009 dollars).[11] This includes a $90 million loan from the Exim Bank of China for the rehabilitation of the Luanda railway and the construction of a 45 km electricity distribution line between Quifangondo and Mabubas.[12] Angola has also received a $1 billion oil-back line of credit for the China Exim bank to repair the country's infrastructure.[13]