Dubai firm to lend South Sudan $12.9 billion in exchange for 20 years oil repayment

A company, led by a distant relative of the Abu Dhabi royal family, has agreed to lend South Sudan €12 billion ($12.9 billion) in exchange for repayment in oil.

• A company, led by a distant relative of the Abu Dhabi royal family, has agreed to lend South Sudan €12 billion ($12.9 billion) in exchange for repayment in oil.

• It is one of the largest oil-for-cash agreements and represents the latest intervention in a struggling African nation.

• The loan may force South Sudan to continue producing oil until at least 2043…