Portugal increases export credit line to Angola

19 September 2018

Angola’s export support facility will increase from 1 billion euros to 1.5 billion euros, Portuguese Prime Minister António Costa told a meeting with Portuguese businesspeople in Luanda, according to the Portuguese press.

Costa also said that the expansion and renewal of the export credit line “is a very important sign of the two countries’ desire to continue to strengthen their economic relations.”

The Portuguese prime minister, who arrived in Luanda Monday for a two-day official visit, said that Portugal and Angola are in a privileged position within the framework of the relationship between Africa and the European Union.

“Political relations are essential, but it is absolutely indispensable that the human relationship, with the constant presence of those who work and invest here, continues to build on and deepen our relationship with Angola,” he said.

On the day he landed in Luanda, the prime minister had an informal lunch with seven Angolan government ministers and the governor of the National Bank of Angola, which the Portuguese government considers to be a reflection of the new political climate between the two countries. (macauhub)

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