africa Angola Banking Economy Finance

Press Release: GEMCORP Capital clarification re Bloomberg article

FurtherAfrica has just received the following press release from GEMCORP:

GEMCORP Capital clarification re Bloomberg article

London, July 8th, 2016 – GEMCORP Capital LLP, an investment firm focused on emerging markets, would like to clarify that it is not currently negotiating a new $500m loan with the Angolan Ministry of Finance, as referenced in a Bloomberg article earlier today.

It was reported in the Wall Street Journal Europe on 23 June 2016, that GEMCORP is in talks with the Angolan Ministry of Finance about a potential loan for import of essential goods. These discussions are ongoing and GEMCORP has no further comment at this stage.


About GEMCORP Capital

GEMCORP Capital LLP (“GEMCORP”) is an independent investment management firm focused on emerging markets. The core business of the firm is to invest in sovereign and corporate credit opportunities worldwide. The firm is headquartered in London and has offices in Africa, Asia and Russia. It is authorised and regulated by the Financial Conduct Authority in the United Kingdom.

For more information visit


Press Contacts:
Maria Monteiro
PR & Investor Relations VP
Direct Line: +44 (0) 20 3837 1126

Christina Clark
Direct Line: +44 (0) 20 7074 1864



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