Angolan satellite to be placed in orbit by 2012 with funding from Russia

29 June 2009

Luanda, Angola, 29 June – Angola will have a telecommunications satellite within the next two to three years, known s Angosat, and which will be funded with US$295 million by Russian banks, the governments of the two countries agreed Friday in Luanda.

The funding for the satellite was agreed during a visit to Angola by the head of the Russian state, Dimitri Medvedev and, according to Angola’s Finance Minister, Severim de Morais, three Russian banks will provide the funding, the Bank Foreign Trade and Commerce, VPD and Roseximbank.

The agreement signed includes supervision by Angolan technical staff from the construction sector and training of staff in the area of space technology in order for the satellite to be managed by Angola.

Speaking to Portuguese news agency Lusa, the minister said that the project “is profitable” not only because it will provide Angola’s telecommunications with greater efficiency, but also because it will allow Angola to rent out this service to other countries, specifically in the sub-region of Southern Africa, “rather than the country renting” from other countries.

This project will have a lifetime of around 15 years and, as well as telecommunications, will transmit the satellite signal of digital terrestrial television in Angola.

The contract was signed by the deputy minister of Telecommunication and Information Technologies, Aristides Safeca, and representative of Russian companies, RSC (Rocket Space Corporation) Energia, Telecom-Projecto 5 and Rosoboronexport, Vassili Ivanov.

As part of the agreements signed, Angola and Russia agreed on an instrument for the reciprocal promotion and protection of investments as well as in the civil aviation sector, which will open up the way to air links between the two countries.

The delegations also signed agreements in the areas of health, education and energy (electricity and oil and gas) and the military sector. (macauhub)