Luso-Angolan project to provide financial training to Angolans

22 July 2010

Luanda, Angola, 22 July – Around 10,000 Angolan citizens are to receive financial, banking and insurance training by 2015 under the terms of a Luso-Angolan project launched Wednesday in Luanda, according to the chairman of Portuguese bank Millenium bcp, Carlos Santos Ferreira.

Known as Academia Millenium Atlântico (Millenium Atlântico Academy), the project brings together Sociedade Nacional de Combustíveis de Angola (Sonangol) and the Millennium Angola and Privado Atlântico banks and aims to increase knowledge, via specific and specialised training, to respond to the needs of the Angolan financial system.

In order to carry out this project, which has an estimated cost of US$12 million to be shared by the three institutions, a total of six buildings are being constructed in Luanda (in the Luanda Sul area), work on which is due for conclusion within two to three years.

Santos Ferreira said that the buildings, as well as serving to provide other services, will be the Academy’s facilities and will have an amphitheatre, rooms equipped with the latest teaching technology, laboratories and a library.

Whilst the buildings are under construction, training courses will be given in temporary facilities and this year 510 people are due to be trained, a number which is expected to increase to over 1,800 in 2011. (macauhub)

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