UK finances development projects in Angola


The United Kingdom is committed to providing estimated funding of over $966 million (750 million British pounds) to Angola to finance development projects in the lusophone country of Africa.

According to the Macauhub News Agency, which CITES Portuguese-speaking local sources, this announcement was made as part of the three-day visit of Baroness Lindsay Northover, a Special Envoy of British Prime Minister Theresa may in the country.

Several sectors, namely: health, energy and water, transport, finance, mineral resources and petroleum should monopolize these investments, in a strategy of diversifying the sources of financing of the economy Angolan.

As the British Government prepares to leave the European Union, this visit reflects the willingness of the English authorities to boost their investments on the African continent, in order to make it a new lever for the country's growth.

For the time being, no information has yet been provided on the details of the investment.

Let us note that this visit is the ninth of the representative in Luanda, since 2016, as part of a strengthening of trade relations between the two countries.

Moctar FICOU/VivAfrik


Please enter your comment!
Please enter your name here