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Angola wants Brazilian investment in infrastructure sector

     Politics              
  • Luanda • Friday, 25 August de 2023 | 15h52
President João Lourenço (R) and his Brazilian counterpart Lula da Silva
President João Lourenço (R) and his Brazilian counterpart Lula da Silva
Pedro Parente-ANGOP

Luanda - Angola intends to negotiate a new line of credit with Brazil to finance the construction of school and hospital infrastructure, roads, airports, electricity transmission networks and respective substations, Angolan President João Lawrence announced on Friday.

Delivering his speech during official talks between delegations from both countries, the Angolan Head of State underlined, in addition to infrastructure, the good business environment prevailing in the country.

The holder of the Executive Power appealed to Brazil to create a fund to support private investment that can be used by businessmen interested in doing business in Angola in the areas of commerce, culture, industry and services.

In the international chapter, the Angolan Head of State considered it important to promote a high-level meeting between the Southern African Development Community (SADC) and the Common Market of the South (MERCOSUR), to analyze forms of economic cooperation and development.

João Lourenço added that the high-level meeting would also serve to analyse aspects of climate change and measures to protect the environment.

He added that one of the central ideas of the future meeting would be the exploration of the “great potential and affinities” existing between these two regional blocs.

“Much is said about the importance of south/south cooperation, in the current context of the unfavourable trade exchanges that our countries maintain with the industrialised and developed north”, noted the Head of State who praised the “strong comeback of Brazil in the international political scenario ”.

In his speech, João Lourenço also spoke of the conflict between Russia and Ukraine, having encouraged all the protagonists to avoid the escalation of the conflict and to embark on the paths of diplomacy and dialogue, in search of a political solution to the conflict.

In the view of the Angolan statesman, the international community must have the ability to persuade Russia to end this war, encourage and help the parties to establish a ceasefire that will allow the start of a round of negotiations that will lead to a lasting peace.

According to João Lourenço, issues of world peace and security have never been so much at the center of the concerns and agendas of the international community as they are now, with the outbreak of the conflict in Ukraine, due to the “serious effects” it has had on food, energy security and humanitarian.

He said that this issue should concern all those who, faced with such a serious threat, defend the need to build a world security architecture that safeguards the interests of all humanity.

The president stressed, however, that other conflicts such as Israel-Palestine, the war in Sudan and international terrorism, with emphasis on the situation in the Sahel region, the instability in the East of the Democratic Republic of Congo and in Cabo Delgado (Mozambique), may fall into oblivion, and should also continue to deserve the utmost attention. OHA/AL/NIC





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