Angola and Polish state-owned bank sign memorandum of understanding

16 January 2017

The government of Angola and Polish state Bank Gospodarstwa Krajowego (BGK) plan to sign a memorandum of understanding to facilitate private investment in Angola and exports, under a presidential order.

The order signed by President Jose Eduardo dos Santos said that Angola and Poland “want to expand economic, business and diplomatic cooperation for peaceful purposes on the basis of equality and mutual benefit.”

The Memorandum of Understanding will be signed between the Ministry of Finance of Angola and BGK in order to “facilitate private investment and business in terms of exports,” also according to the order cited by Portuguese news agency Lusa .

Bank Gospodarstwa Krajowego will finance the construction of the Academy of Fisheries and Marine Sciences of Namibe, southern Angola, with the support of the Polish government, and which is expected to cost 59.7 million euros.

The Academy, scheduled to open later this year, with capacity for about 500 students, will have courses in electricity, electronics, coastal management, navigation, operation of ports and fleets, computing, technical drawing, fish processing, aquaculture and oceanography, among others. (macauhub)

MACAUHUB FRENCH