9 May 2014

Angola: China-Africa Foundation Releases Over Akz 100 Billion for Investments

Luanda — A cooperation agreement between China-Africa Development Fund and Welfare Fund of National Police Staff, estimated at 150 billion kwanzas, was signed this Friday in Luanda.

The deal was signed by the chairpersons of the boards of Welfare Fund of National police Staff, Luis Alexandre, China-Africa Foundation, Chi Jianxin and group Beijing Hasan Holding, Zheng Gabng.

This last is responsible for the implementation of the works aimed at providing the members of the National Police with better living conditions, particularly in the housing sector.

Speaking at signing ceremony, the general commander of Police, Ambrósio de Lemos said that the move also serves to bring greater dynamic in implementation of projects of the institution.

The official expressed availability to cooperate with National Police welfare fund of Angola in securing employment opportunities, particularly for young people.

The China-Africa Fund is an organisation run by "Sino- African" cooperation Summit, intended to make investments in the African countries.

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