africa Angola development Diplomacy Economy Energy Finance Government Health Infrastructure

Angola: Energy and Health get €384M financing

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The United Kingdom Friday formalized the granting of a loan to Angola worth 384.3 million euros to support projects in the areas of energy and health.

In the energy domain, the money will be used to build a substation and transmission lines in the municipality of Viana (Luanda), which will receive power from the Lauca hydroelectric plant, and another at the substation in Gabela, Cuanza Sul province.

As for Health, the financing will be used to support the construction and equipping of the first phase of the General Hospital of Cabinda, the General Pediatric Hospital of Luanda and the Pediatric Hematological Institute of Luanda.

For the execution of the funding, Finance Minister Archer Mangueira and the special envoy of Britain’s Prime Minister Theresa May, Baroness Lindsay Northover, signed an agreement.

Archer Mangueira said after the signing of the agreement that the financing will help solve problems that the country has in health and energy sectors.

He also said that it will contribute growth of the health and energy sectors, in the development of human capital.

Source: Angop

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