Argentina opens up US$100 million credit line to Angola

26 July 2013

Argentina plans to open up a credit line worth US$100 million o finance agricultural projects in Angola, officials said in Buenos Aires during a visit by Angola’s Foreign Minister, Georges Chikoti to the country.

In Buenos Aires, Chikoti presented Angola’s foreign policy and related the main events in the country since independence, after meetings intended to present the areas considered to be a priority for cooperation between the two countries.

According to a report from financial news agency Bloomberg, agriculture, micro-genetics, creation of a cattle vaccination laboratory, as well as the food and training sectors were just some of the areas the two countries identified as important.

The areas in which cooperation may be greater also include health, higher education and technology transfer. For execution of agricultural projects the Argentinean government announced it had opened a US$100 million credit line open to Argentinean and Angolan businesspeople. (macauhub)