Angola’s President ends visit to France with support of more than 1 billion euros

31 May 2018

The official visit of the Angolan President to France has raised more than 1 billion euros from several partners, including the French Development Agency, which granted a loan of 100 million euros to support commercial agricultural activity in Angola, Angolan news agency Angop reported.

Included in that amount is an agreement signed with the Crédit Agricole bank to open a credit line of up to 500 million euros to finance various projects, along with another agreement to provide technical support to prepare the proposed projects.

Angolan Foreign Minister Manuel Augusto, reviewing the presidential visit, recalled the agreement signed by state oil company Sonangol with French Group Total for business in the areas of exploration and distribution of oil products as well as another one to offer 50 scholarships to young Angolans for oil studies.

“The financial package that resulted from this visit exceeds 1 billion euros, and the results exceeded our expectations,” said the minister, after leaving a meeting the President of the Republic had in Toulouse with the Angolan community there.

In addition to being received at the Elysee Palace in Paris, by his French counterpart Emmanuel Macron, on Monday, Lourenço visited the manufacturing facilities of Airbus and ATR Aircraft, both in Toulouse, and took part in an economic forum that included 80 French business people.

Lourenço chose France for his first official visit to Europe, which began on Monday and ended on Thursday, followed by Belgium on 4 and 5 June. (macauhub)