Spain will grant Angola a $200 million loan as the southwestern Africa nation rebuilds infrastructure after a devastating civil war that ended in 2002, Reuters quoted Angola's government as saying in a statement today. Angola announced the loan after a weekly cabinet meeting but did not say how the funds would be used or what Spain would get in return. The announcement follows a recent trip from Angolan President Jose Eduardo dos Santos to Germany, Spain and Portugal in a bid to increase political and business ties with Europe. The oil and diamond producing nation has received over $5 billion in oil backed loans from China to rebuild roads, bridges and ailing communications destroyed by the war.
