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Debt Audit, Constitution Change on Angolan Opposition’s Agenda

  • Angola had about $62.5 billion of liabilities as of January
  • China, which is owed $19 billion, is Angola’s top creditor
Adalberto Costa Junior
Adalberto Costa JuniorPhotographer: Julio Pacheco Ntela/AFP/Getty Images
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Angola’s main opposition presidential candidate will scrutinize the country’s debt burden and plans to overhaul the constitution should his group win this week’s election.

Africa’s largest oil producer after Nigeria had $62.5 billion of debt as of January, according to the Finance Ministry. The southwest African nation’s overseas debt amortization in the three years to 2025 will cost about $5.5 billion a year, according to Fitch Ratings Inc.