Brazilian companies interested in Africa to have official support

23 August 2007

Rio de Janeiro, Brazil, 23 Aug – The president of the Brazil-Africa Commission for Science and Technology, Lindolpho Dias, has announced a credit line of 2 million reals for Brazilian companies interested in setting up partnerships in African markets.

According to the statement made at the Rio Info 2007 meeting, held Wednesday, companies can sign up for the credit line until October 16.

The Angolan deputy minister for Science and Technology, Pedro Teta, at the meeting said that his government was interested in applications for the oil, education, health and security sectors.

The chairman of the Brazil-Angola Chamber of the Rio de Janeiro Commercial Association (ACERJ), said he hoped a governmental Brazil-Angola credit line, expected to be announced by President Luiz Inácio Lula da Silva on his visit to Angola in October, would total US$1 billion based on oil exports of Sonangol.

The turnover of Brazilian Information technology companies in Angola currently totals US$200 million, including large state projects, such as budgetary, human resources, and social security management as well as the official state website and, more recently, in teh health sector. (macauhub)