The UK made available 750 million pounds (861 million euros) to support social projects in Angola, some of them included in the National Development Program (PDN) 2018/22, the Angolan press reported today.
The amount of the money, according to the Jornal de Angola, was advanced on Wednesday in Luanda by British Prime Minister Lindsay Northover’s envoy on the first day of a three-day official visit to the country to strengthen relations cooperation.
Lindsay Northover, who was speaking to journalists at the end of a meeting with Angolan Finance Minister Archer Mangueira, said the UK is already funding several projects included in the PDN, notably the construction and maintenance of Viana’s electrical substations and of Gabela.
The meeting with the finance minister, said Lindsay Northover, served to select the priority projects for their financing
“I am very pleased that the first design projects were finally validated and out of paper,” he said.
The envoy of Theresa May said that the projects of the electrical substations of Viana and Gabela are the first to be implemented and will help to distribute electric energy to the populations of Luanda and Cuanza-Sul.
“These substations need to be maintained and improved so that the energy coming from Lauca can reach these areas,” he clarified.
The British baroness said she was pleased to visit Angola for the ninth time and to meet with the finance minister, who spoke about the support the United Kingdom is providing to companies in Angola.
According to a statement from the British diplomatic mission in Angola, during the visit, Lindsay Northover is accompanied by a delegation made up of representatives from the UK Export Credit Agency (UKEF) and companies involved in the diversification of the economy in Angola, such as Rolls Royce, KCA Deutag, Aggeko, HSBC, Standard Charted, IQA / Elecnor, Incatema and ASGC.
During the stay in Angola, Lindsay Northover has scheduled meetings with the heads of the ministerial departments of Health, Energy and Water, Transportation, Mineral Resources and Petroleum and Agriculture and with the governor of Luanda.
Baroness Lindsay Northover’s visit to Angola coincides with another one from representatives of the London Stock Exchange Group.
In the same period, a business roundtable of the United Kingdom-Angola Chamber of Commerce is also planned.
“This combination, along with this week’s visit to Angola by the London Stock Exchange, serves to demonstrate not only the continuing importance that the UK attaches the relationship with Angola, but also the tangible commercial progress made between the two countries, “said the diplomat.