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Perspective
06 December 2016

Sonangol debts risk contagion to Angola's banking sector

Region:
Middle East & Africa
Executive Director at EXX AFRICA
As state oil company Sonangol faces a severe balance of payments crisis and foreign investors threaten to seize Sonangol’s revenues for their benefit, the ruling family is increasingly likely to exert its influence over the local banking sector to pressure lenders to bail out the distressed national champion.

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