Thu, 11 Apr 2019 19:48 - Updated Thu, 11 Apr 2019 19:48
Angolans can join AIF USD 55 billion
Luanda - The Africa Investiment Forum (AIF) Thursday presented the eligibility criteria for Angolan companies to access the USD 55 billion that will be negotiated in the 2nd edition of the forum, to be held next November in South Africa.
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AIF wants to be one of Africa economy growth promoters
Photo: Clemente dos Santos
The AIF, a multidisciplinary platform of the African Development Bank (AfDB), will approve a total of 60 new projects to finance this year.
In a joint promotion with the Ministry of Economy and Planning and the Investment and Export Promotion Agency (AIPEX), the African Development Bank (AfDB) promoted national and foreign entrepreneurs from various branches operating in the country.
In 2018, the Africa Investment Forum, which brought together representatives of 53 countries, including Angola, put in negotiations USD 38.7 billion, with the approval of 49 multi-sector projects.
Angola, in the first edition, has 29 participants and three were approved in the global amount of USD 488 million.
In relation to the 2019 edition, according to the National Director for Economy, Competitiveness and Innovation, Marcelino Pinto, the private sector is expected to be supported in the AIF as a financing platform, which through the AfDB involves other international financial institutions such as Sovereign and pension funds, which seek to reduce and share risks, to leverage investment.
Infrastructure requirements for Africa's development continue to grow, estimated by the AfDB, at between USD 130-170 billion a year.
- 28/03/2019 18:59:11
Luanda - State Secretary for Budget and Public Investment, Aiza-Eza Silva said that Angola in particular and Africa in general have a big need for financing for their industrialization, with a view to reducing poverty and improving productivity.
- 25/03/2019 13:30:55
Luanda - At least USD 434 million is the overall amount to be released by nine commercial banks for the financing of projects linked to Supportive Credit programme (PAC), with a view to assisting Angolan businesspeople, the secretary of State for Economy, Sérgio Santos, said on Friday.
- 14/03/2019 18:30:33
Luanda - The World Bank (WB) financing portfolio in Angola is currently valued at USD 1.1 billion, said Wednesday in Luanda, the vice- president of the institution, Hafez Ghanem.