Republic of Congo reached a debt deal with Glencore on 27 January
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▪ Republic of Congo reached a debt deal with Glencore on 27 January
▪ Another exclusive from Africa Business+.
▪ https://www.africabusinessplus.com/en/810963/dr-congo-reached-a-debt-deal-with-glencore-on-27-january/
While limited information is leaking out about the details at this stage, we have learnt from two leading independent sources that the Republic of Congo and the Switzerland-based oil trader have finalised a deal on the roughly $850 million owed to Glencore in total. The money had been loaned in 2015 and 2016.
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