Delegation of the China Development Bank is in Angola for talks

13 February 2017

A delegation from the China Development Bank’s (CDB) is due on Tuesday to conclude a working visit to Angola to consolidate financial and economic relations between the two countries, Angolan state news agency Angop reported.

The delegation, headed by the chairman of the bank, Zheng Zhijie, who arrived in Luanda on Sunday, will meet with the Minister of Finance, Archer Mangueira, and visit projects that are being funded by the bank.

Founded in 1994, the CDB has been one of the main vehicles of financial cooperation between Angola and China, according to a statement from the Angolan Ministry of Finance.

The official statement added that this bank has funded construction and/or reconstruction of various infrastructures, notably the Moçâmedes railway and construction of the infrastructure in Sambizanga (formerly Roque Santeiro).

The list of works financed by the CDB include the construction of the Boavist-Miramar-São Paulo road, electrification and household connections in Luanda, as well as the construction of access roads to the new Luanda Airport. (macauhub)