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Chad Republic Sets To Be Paying Debt By Cattle

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NEWS: Chad Republic Sets To Be Paying Debt By Cattle [New Foreign News] » Naijacrawl
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In an unusual business format, the republic of Chad has decided to be repaying Angola a debt of £82m ($100) with cattle.



This was made public by the Angola's state-run newspaper.


The weird consensus is seen as creating a win-win situation for both nations , that is, Chad is short of cash while Angola needs cattle.


Available information has it that over 1,000 cows arrived by ship in Angola's capital, Luanda, as the first payment, from Chad to Angola.


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, the report added.

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Piroll is a creative writer, social-political commentator, socio-researcher, and sports analyst. He holds certificates in media management and data journalism from the Thomas Foundation Institute of Journalism. He works as a... Read More

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