Angola: Angolan government and China’s Development Bank seek to cooperate

24 September 2008

Luanda, Angola, 24 Sept – Operational aspects about going ahead with a cooperation agreement, signed in August between the Angolan government and China’s Development Bank, were the main subject of a meeting Tuesday between Angolan deputy minister to the prime minister, Aguinaldo Jaime, and a delegation from the Chinese bank.

According to Angolan news agency Angop, Jaime said that the meeting had been to discuss the practicalities of moving ahead with the agreement, which included projects linked to construction of social housing and the agricultural, transport and telecommunications sectors.

The deputy minister specifically mentioned the plan to build social housing in Camama, in the municipality of Kilamba-Kiaxi, and renewal of the Cazenga municipality, the aim of which is to provide medium and low standard housing to the population.

According to Jaime, the two side dealt with operational issues such as setting up a joint team to select projects, choosing Chinese contractors and the frequency of bilateral meetings.

An important aspect noted by Jaime was that the agreement was, “not based on supplying oil,” but rather on guarantees presented by the Angolan government, mainly due to an improvement of macroeconomic conditions. (macauhub)