French group AccorHotels has established a partnership with Angolan group AAA to open 50 hotels with over 6,200 rooms to be managed until 2017 under an agreement signed Friday in Luanda.
This is one of three business agreements signed during the Angola/France business forum as part of a state visit by French President François Hollande to the Angolan capital.
As part of the forum an agreement was also signed by French oil company Total and Angola’s Sonangol to “enhance cooperation” and “accelerate exploration activities” of oil resources in Angola.
Total is responsible for 40 percent of Angola’s oil production – the country is the second largest producer in sub-Saharan Africa – and invests US$2.5 billion annually in tis sector in the country.
The agreement between the the two oil companies also includes distribution in Angola of solar lamps and lighting systems, through the “Awango by Total” project.
A third agreement – as well as several letters of intent – was also signed in this case to modernise, by 2022, the Angolan National Institute of Meteorology (INAMET), through a partnership with Météo Française Internationale (MFI) and Angolan company LTP Energy.
The amount of investment involved in the three agreements signed at the business forum was not disclosed.
At the time, the French president announced Air France would launch a third weekly flight between Paris and Luanda. (macauhub/AO)