US Exim Bank in Angola to promote US products

19 February 2016

A representative of the United States Export-Import Bank (ExIm) of the United States will meet with major banks operating in Angola and with government officials to provide information about its funding programs, the bank said in a statement.

Cited by Angolan news agency Angop, the statement said that the Director of Global Business Development for Africa, Rick Angiuoni, would provide information concerning the financing mechanisms to support trade between the United States and other countries, including Angola.

In 2014 the US ExIm Bank signed a memorandum of understanding with the government of Angola to finance trade and infrastructure, using the financing tools at its disposal.

This memo identified several economic sectors, including energy, infrastructure, railways, roads, mining, telecommunications, agriculture and supply of construction equipment, the environment and, water and sanitation projects.

Since the memorandum was signed, the Exim Bank has provided financial support to Angola for the purchase of Boeing aircraft by Angola’s airline TAAG and the acquisition by the country’s national aviation company ENANA of two fire trucks manufactured by US company Oshkosh Corp. (macauhub/AO)