Angola’s state-run newspaper on Tuesday, reported that Chad would be repaying Angola a debt of $100m (£82m) with cattle.
According to the report, the unusual agreement is seen “a win-win situation for both nations – Chad is short of cash while Angola needs cattle”.
Jornal de Angola reported that more than 1,000 cows arrived by ship in Angola’s capital, Luanda, as the first payment.
It further stated that Angola would receive 75,000 cattle over 10 years, meaning it has accepted payment of $1,333 per cow.
The report added that Chad would send a further 3,500 head of cattle later this month.
“Chad had proposed repaying the 2017 debt with cattle, and Angola had agreed because it would help the southern African state rebuild its cattle population in drought-affected areas, the state-run daily paper said.
“Angola is often hit by drought, causing animals to die of hunger and thirst and leaving many villagers destitute.
“Although oil rich, the country is still striving to recover from the legacy of a 27-year civil war that ravaged the country after independence,” the report said.
The World Health Organisation of Animal Health, OIE, describes Chad as a “livestock farming country par excellence”, with about 94 million head of cattle.
Livestock accounts for 30% of Chad’s exports, and is its main source of foreign exchange after oil.
Recall that a report last October, by the World Bank said, Chad’s economy “remains fragile and vulnerable to considerable risk, such as oil price volatility and regional insecurity” caused by militant Islamist groups operating in the region.
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