The funds will be used to further the development of an industrial hub in southern Angola’s Benguela province.
Angola
A senior economic official says the 40-year relationship between Luanda and Beijing has resulted in extensive infrastructural development throughout the country.
A UN-approved expansion would offer the certainty needed to protect, manage, and use offshore resources.
The African oil giant, with vast untapped oil and gas resources, offers up major oil and gas blocks for Chinese development.
President Lula da Silva aims to reaffirm his country’s commitment to the continent through whirlwind visits to three countries.
Angola leads Africa in developing its solar power capacity. This latest loan will enable more than 200,000 households to access electricity for the first time.
TAAG passenger flights between Luanda and a “commercially important” city in China will resume within the next six months, as Angola’s new Chinese-built international airport nears completion.
Part of the Zambezi River’s catchment area, millions of people across south-central Africa indirectly rely on the Miombo woodland for water and hydropower.
China was the first country to extend aid to Angola in the wake of its civil war in the early 2000s, though their relationship goes back even further.