Africa debt crisis: Chad borrowed $1.4bn from Glencore in 2014 secured against future crude sales, then over $100 a barrel. Later price dived, and debt…

Africa debt crisis: Chad borrowed $1.4bn from Glencore in 2014 secured against future crude sales, then over $100 a barrel. Later price dived, and debt payments were gulping 85% of Chad’s oil revenue. After the nation almost shut down, parties agreed to restructure the loan.

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