An obscure UAE firm has offered South Sudan a massive €12 billion loan in exchange for 20 years of discounted oil. The loan, nearly double South Sudan's GDP and 5 times its current debt, may tie up most of the country's oil revenues for years, with 70% earmarked for infrastructure projects.
A Dubai Firm Pledged $13 Billion for 20 Years of South Sudan Oil The loan from an obscure UAE company may tie up most of South Sudan’s oil revenues for many years, UN investigators say. #oott https://t.co/K1dDU9PvNU
A $13 billion loan to South Sudan, funded by UAE’s Hamad Bin Khalifa Department of Projects in exchange for oil, marks the largest-ever cash deal for the country. ⬇️ https://t.co/blba08xF0C
UAE company agreed to loan $13B to South Sudan in exchange for oil https://t.co/R9Qi1LOV4B
An obscure UAE firm agreed to lend South Sudan $13 billion — almost double the country's GDP — in exchange for 20 years of discounted oil https://t.co/asUX8upXNc
A Dubai Firm Pledged $13 Billion for 20 Years of South Sudan Oil: The loan from an obscure UAE company may tie up most of South Sudan’s oil revenues for many years, UN investigators say. (Bloomberg) https://t.co/tYQdIshkAC
UAE has been a keen investor in Africa in the past 2 yearS: https://t.co/Dve7XVtseF https://t.co/mV6QWyptdA
A little-known Dubai firm linked to Abu Dhabi royalty offered South Sudan a massive €12B loan in exchange for future oil. —Loan is nearly double South Sudan's GDP and 5x its current debt. —70% earmarked for infrastructure, but burdens oil revenue for years. Link:… https://t.co/85RDIaOfEO