State-owned China Xinxing and Export Corporation will sell to Angola uniforms and other military equipment worth US$44.6 million, according to a presidential order approving the deal.
In the order, Angolan President José Eduardo dos Santos authorises the inclusion of this contract for the supply of uniforms and military use equipment to the Angolan Armed Forces in the Schedule of Annual Public Investment (PIP).
The order also said it was the responsibility of the Defence Minister, João Lourenço, to sign the supply contract with the Chinese company.
This year Angola expects to spend 847.300 billion kwanzas on Defence, Security and Public Order, according to the State Budget (OGE) revised in March, which accounts for 15.5 percent of total public expenditure for 2015.
The China Xinxing and Export Corporation was established in 1984, initially under the Ministry of General Logistics of the People’s Liberation Army as the only company authorised to export military equipment. It is a large company for production and sale of uniforms, shoes and boots, backpacks, tents, bullet-proof clothing, and other products. (macauhub/AO/CN)