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UKEF finances new specialist burns hospital in Angola

UK Export Finance, today announces it is providing £130m in support for the construction of a new specialist burns hospital in Kilamba, Angola

Rafael Carvalho by Rafael Carvalho
January 21, 2023
in Africa, Aid, Angola
Reading Time: 3 mins read
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The UK’s export credit agency, UK Export Finance, last week announced it is providing £130m in support for the construction of a new specialist burns hospital in Kilamba, Angola.

£130m in government funding will be provided to the Angolan Ministry of Finance in order to facilitate the construction of a new specialist burns hospital just outside its capital city; 40% of the value of the project will be fulfilled by UK suppliers, supporting jobs and businesses across the UK; 250-bed facility with a dedicated ward for the treatment of burns will be built with the support of UK Export Finance (UKEF), Standard Chartered Bank and Lloyds Bank.

Also read: Angola focuses on decarbonisation of oil industry

The deal between UKEF and the Angolan Ministry of Finance, supported by Standard Chartered Bank and Lloyds Bank, will bolster trade ties between the UK and Angola. The terms of the deal mean that 40% of the project will be fulfilled by UK suppliers – totalling over £50m in potential export opportunities for domestic businesses.

The contract has been awarded to ASGC UK Limited. They will be acting as the management contractor and will be responsible for securing the 40% of UK exports which will include building materials, electrical equipment and medical supplies.

Tim Reid, newly-appointed CEO of UK Export Finance, said: “This support shows once again the leading role the UK plays when it comes to exporting world-leading expertise in project development and medical equipment. Working with the Angolan government and Standard Chartered Bank, we are proud to demonstrate how British ingenuity can enhance healthcare for communities abroad whilst helping UK businesses export their best-in-class goods and services.”

The UK government support will bolster the city and surrounding region’s response to burns victims and improve overall medical capacity in the region

Mustafa Sajjad Hussain, Structured Export Finance, Standard Chartered Bank, said: “This is another in a long line of financing we have structured for the Angolan Ministry of Finance and arranged with UKEF, showing we are a trusted partner. We’re very proud to help support a project that makes such a difference to local communities by providing improved healthcare services.”

Paul Woodman, Managing Director of ASGC UK, said: “During 2022, we successfully handed over three new hospitals to the Ministry of Health – also supported by UK Export Finance – and we are honoured that the same client has entrusted us to deliver another important healthcare facility for the people of Angola.”

The UK government support will bolster the city and surrounding region’s response to burns victims and improve overall medical capacity in the region. The project is part of the Angolan government’s National Development Plan for 2018-2022. The hospital will be a seven-floor, 250-bed facility with a dedicated ward for the treatment of burns, as well as general healthcare provision, including accident and emergency, palliative care, pathology services, infection control and prevention and general, geriatric and paediatric clinics. The hospital is expected to open after a five-year construction project.

Also read: UK funds £1M for mine clearance in Angola

UKEF assists international partners with project financing on major development projects in return for an agreed minimum UK content being guaranteed. In this way, UKEF activates the UK supply chain by connecting overseas project sponsors and buyers with UK exporters.

Three Angolan hospitals have previously been developed with support from UKEF, including the General Hospital of Cabinda, the Mother and Child Hospital of Camama and the Hematology Pediatric Hospital in Luanda, Angola’s capital city. In addition to this new development, these three projects will open up over 550 beds and provide improved outpatients consultation, inpatient treatment, intensive care facilities and diagnostic capability in the region. The construction involved over 60 suppliers and subcontractors from the UK.

Related

Source: UKEF
Tags: aidAngolabusinessesforeign policyinvestmentKilambaLloyds BankMustafa Sajjad HussainPaul WoodmanpharmaceuticalStandard Chartered BankTim ReidTradeUK Export FinanceUKEFUKEF finances new specialist burns hospital in AngolaUK’s export credit agencyUnited Kingdomанголаأنغولاアンゴラ安哥拉
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Rafael Carvalho

Rafael Carvalho

Currently the Managing Editor of furtherafrica.com, I am passionate about writing, in its myriad forms. As I started writing and editing content about Africa, I came to the realisation that, just like our ancestors hailed from the motherland, so is the future, too, very much African-oriented. Join me then, as we learn more about a future that is welcoming, multicultural and full of promise. The future that is Africa.

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