The Angolan President plans to return to China after his trip to Beijing in September to attend the Third Forum on China-Africa Cooperation (FOCAC), Chinese state news agency Xinhua reported recently.
The agency quoted Chinese Ministry of Foreign Affairs spokesman Lu Kang as saying that President João Lourenço would pay a three-day official visit from 8 to 10 October.
During September’s visit to China, the Angolan Head of State met with his counterpart from China, Xi Jinping, who pledged full support for the ongoing policy change in Angola and the expansion of investment in the country without imposing “political conditions.”
During the second visit in a little over a month, China is expected to announce the opening of a new credit line for Angola, in the amount of US$11 billion.
The Africa Monitor newsletter reported in September that a substantial part of this new oil-backed credit facility is intended to finance 78 development projects, most of which are in the infrastructure sector. (macauhub)