Luanda - The Africa Finance Corporation (AFC) has invested 45 million US dollars in the Sonangol Capex project, while other investments are expected to be made under the National Development Plan (PDN) 2023-2027, the Secretary of State for International Cooperation and Angolan Communities, Domingos Vieira Lopes, said Thursday.
The official, who was presenting in parliament the basic reasons for Angola joining the AFC, said the institution has several projects in the preparation and development phase, such as the Luó project in partnership with ENDIAMA, which is awaiting formalization for a 150 million US dollars investment.
Domingos Vieira Lopes pointed to the construction of the Cabinda and Soyo refineries, as well as the rehabilitation of motorways, projects that represent major investments for national progress.
According to the Secretary of State, these projects demonstrate AFC's willingness to become a strategic partner for Angola, reinforcing the government's efforts to diversify and modernize the Angolan economy.
The official stressed that Angola's membership in this organization is a strategic opportunity of the utmost importance for national development, providing benefits that converge with the objectives set out in the National Development Plan PDN 2023-2027.
The National Assembly unanimously approved the ratification of the Agreement establishing the Africa Finance Corporation.
The Africa Finance Corporation is a multilateral financial institution designed to make up for the lack of investment in infrastructure that is essential for Africa's economic development.
Created in 2007, it is mostly private and operates primarily in the transport and logistics, energy, mining and oil sectors. ART/DAN/AMP
