Angola: AfDB Makes U.S.$15 Million Available to Finance Projects in Angola

Luanda — The African Development Bank (AfDB) is available to finance public and private projects in different sectors in Angola, with amounts reaching at USD 15 million, ANGOP learned this Friday.

For the same purpose, Afreximbank also has amounts starting at USD 5 million, whose financing process will be carried out through the Angola Investor Market platform, according to a press release to which ANGOP had access to.

The initiative is part of the working collaboration between the Chamber of Commerce and Industry of Angola (CCIA) and DABG-Angola Business Group, entities promoting the Angola Investor Market platform, with a view to reinforcing the process of economic diversification in the country.

According to the note, this collaboration corresponds to one of the great gains obtained by the participation of CCIA and DABG in the SADC Industrialization Forum, organized by the Business Council of this Southern Region, which took place last February, in Johannesburg, South Africa.

The Angola Investor Market, which will be available to the national and international public on June 26th of this year, essentially aims to attract investors for financing or purchasing projects and assets in Angola.

After the launch of this digital platform, from the 1st of July next, businesspeople, entrepreneurs, asset owners and public institutions in the country who want to have investor partners, financing or sell their projects or assets will be able to contact Angola Investor Market, at the CCIA headquarters, in Luanda.

To this end, interested parties must register and become a member of the platform, so that their projects or assets can be registered on the platform, to make the investment or obtain financing.

The initiative is aimed at projects and assets in Angola that require investors or financing to be implemented.

The platform functions as a comprehensive portal that facilitates and connects national and foreign investors to public and private business opportunities, in all sectors of the Angolan economy.

By attracting foreign investment and stimulating entrepreneurship and local businesses, the Angola Investor Market comes to support the promotion of national production, economic growth, the diversification of the economy, as well as the creation of jobs, and the promotion of the country's sustainable development.

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