Oil slump sends Africans scrambling to loan mart for funds as revenues fall

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Oil slump sends Africans scrambling to loan mart for funds as revenues fall

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With oil less than half the price it was last year, African borrowers are being driven into the loan market for funding. Angolan oil company Sonangol is the prime example, according to one of the firm’s relationship banks, and more are close behind. Elly Whittaker reports.

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