ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Politics

Sat, 10 Feb 2018 11:02 - Updated Sat, 10 Feb 2018 11:02

Angola gets USD 2bln funding from Brazil

Luanda - Angola benefits from USD 2 billion financing line granted by Brazilian Government, said Friday the Foreign Affairs minister of Brazil.

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

1 / 1

Foreign minister of Brazil, Aloysio Nunes

Photo: Cortesia de Francisco Bernardo/Edições Novembro

President João Lourenço (R), meets with Brazilian minister of Foreign Afairss, Aloysio Nunes

Photo: Cortesia de Francisco Bernardo/Edições Novembro

 Aloysio Nunes, who was speaking at the end of an audience granted to him by president, João Lourenço, assured that the amount will be supported by Brazilian National Development Bank (BNDES).

According to him, the initiative is part of the fulfilment of a pledge made by the Brazilian Head of State, Michel Temer, during a meeting with the Angolan counterpart at World Economic Forum in Davos, Switzerland, last January.

The funding is expected to cover potential sectors, such as the construction, energy and water.

According to the top diplomat, the meeting held on Friday served to reaffirm Brazil's commitment to re-launch bilateral cooperation and strengthening the strategic partnership between the States.

 Angola/Brazil cooperation cover the areas of health, education, defence, agriculture, telecommunications, culture and fisheries.

Brazil was the first country to recognise Angola's independence in 1975.

Read also
  • 08/11/2018 18:35:33

    UK confirms funding to Angola

    Luanda - The British Baroness Lindsay Northover confirmed Thursday her country's availability to fund projects in the energy and health sectors for Angola.

  • 08/11/2018 17:58:03

    President scraps national agricultural mechanisation company

    Luanda - Angolan head of State João Lourenço has scrapped the National Agricultural Mechanisation Firm (Mecanagro), a business entity supervised by Agriculture and Forestry Ministry.

  • 08/11/2018 16:55:59

    President gives green light to additional credit for Mecanagro, Sopir

    Luanda - The Angolan head of State Joao Lourenço has approved a AKZ 3 billion additional credit for National Institute of Social Security, Mecanagro and Sopir - Sociedade de Desenvolvimento dos Perímetros Irrigados.

  • 08/11/2018 16:04:55

    ENI pledges permanent investment in Angola

    Luanda - The multinational oil company ENI will continue to invest in Angola where it has recorded an increase in production of 50,000 barrels/day in the last 12 months.