UK announces funds to support projects in Angola

9 November 2018

The United Kingdom has 750 million pounds to support projects in Angola, Baroness Lindsay Northover, sent by the British prime minister, said in Luanda on the first day of her official three-day visit.

Northover, who made the remarks at the end of a meeting with Angola’s Finance Minister Archer Mangueira, said that the United Kingdom is funding several projects included in the National Development Plan, notably the construction and maintenance of the Viana and Gabela power substations.

Cited by the Jornal de Angola newspaper, Northover said that the meeting with the Minister of Finance served to select the priority projects for the financing, “some of which are already in the execution phase.”

On this visit, her ninth to Angola, Northover is accompanied by a delegation made up of representatives from the United Kingdom Export Credit Agency (UKEF) and British companies involved in the diversification of Angola’s economy, such as Rolls Royce, KCA Deutag, Aggreko, HSBC, Standard Chartered, IQA/Elecnor, Incatema Consulting and ASGC UK.

During her stay in Angola, Northover has meetings arranged with the heads of the ministerial departments of Health, Energy and Water, Transport, Mineral Resources and Oil and Agriculture as well as with the governor of Luanda.

The Baroness’s visit to Angola coincides with another one by representatives of the London Stock Exchange, and a business roundtable of the United Kingdom-Angola Chamber of Commerce. (macauhub)