Audio By Carbonatix
Chad is repaying Angola a debt of $100m (£82m) with cattle, Angola's state-run newspaper has reported.
The unusual agreement is seen as creating a win-win situation for both nations - Chad is short of cash while Angola needs cattle.
More than 1,000 cows arrived by ship in Angola's capital, Luanda, as the first payment, Jornal de Angola reported.
In total, Angola would receive 75,000 cattle over 10 years, meaning it has accepted payment of $1,333 per animal.
Chad would send a further 3,500 head of cattle later this month, the report added.
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.
Chad is described by the the World Health Organisation of Animal Health (OIE) 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.
In a report last October, 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.
Latest Stories
-
Prudential Bank, Mastercard discuss support for SMEs and corporates
2 hours -
Threat of further violence looms after Mexican cartel rampage
2 hours -
Abesim murder case: Footballer sentenced to life imprisonment
3 hours -
Third force not the answer – Yaw Nsarkoh questions Ghana’s political fix
3 hours -
Prudential Bank champions tree crop investment at TCDA anniversary dialogue
3 hours -
Roc Nation Sports International kicks off inaugural youth football tournament in Ghana
3 hours -
‘Ghanaians are not genetically disorderly’ – Yaw Nsarkoh says consequences create order
3 hours -
Electoral Cost Efficiency in Emerging Democracies: A Comparative Analysis of Cost per Voter in Ghana’s 2020 and 2024 General Elections
3 hours -
BBC edited a second racial slur out of Bafta ceremony
4 hours -
Nigeria denies report it paid ‘huge’ ransom to free pupils in mass abduction
4 hours -
Gender Minister oversees safe discharge of rescued baby, settles bills and engages police on probe
4 hours -
Bawumia receives Christian Council goodwill visit after NPP flagbearer win
5 hours -
Afenyo-Markin urges Bagbin to summon Korle-Bu, Police, Ridge Hospitals over alleged denial of care to hit-and-run victim
5 hours -
Police reject GH₵100k bribe, arrest drug suspects with 209 slabs
5 hours -
Declare galamsey child health emergency – Pediatric Society to President Mahama
5 hours
