African Development Bank to open office in Angola

13 October 2011

Luanda, Angola, 13 Oct – The African Development Bank (ADB) plans to open an office in Luanda, Angola this year, as part of a decision intended to improve and boost dialogue between the Angolan government and its development partners, Angolan news agency Angop reported.

The announcement was made Wednesday by the bank’s project coordinator, Nelvina Barreto Gomes, on giving a presentation about the projects carried out in Angola using ADB funding at the 2nd Meeting of Operators and Investors in the Water, Environment and Energy Sectors.

“We plan to open the office so that the ADB can be closer to the Angolan government, its partners and those who benefit from the projects carried out in a number of Angolan regions,” noted Barreto Gomes.

The ADB started operating in Angola in 1991 and since then has invested in a number of economic sectors through the equivalent of US$350 million in subsidised loans.

Projects such as the Porto Amboim and Baynes dams, in Namibe province and combined solar and wind power are included in the projects carried out in Angola with the financial support of the African Development Bank. (macauhub)