ExIm Bank of the United States to finance infrastructures in Angola

5 August 2014

The Angolan government and the Export-Import Bank of the United States signed on Monday a memorandum of understanding meant to guarantee financing for infrastructures in the areas of energy, telecommunications and transportation, Angop news agency reports.

After signing the document, Angolan Finance Minister Armando Manuel said his government has sought to attract investment to create basic necessary infrastructures in the areas of sanitation, energy, roads and telecommunications.

“This agreement means the presence of American companies in Angola can bring benefits such as technology, equipment and know-how in the energy and transportation areas,” Manuel said.

He specified that the memorandum is a document which broadly outlines strategic cooperation areas, based on which various financing agreements can be signed.

The Angolan minister recalled that an agreement to open a US$1 billion credit line would be signed in the near future to acquire locomotives and turbines to take advantage of natural gas being extracted in the country. (macauhub/AO)