Angola’s government announced it will benefit from $700 million under a credit line granted by Credit Suisse to develop “strategic” projects, without specifying the projects involved. This information published in the country’s official journal was relayed by Macauhub. 

This new financing comes few weeks after the government announced a $2 billion bond issuance, and reaffirms government’s desire to raise funds and develop the economy through reviving and diversification projects.

Furthermore, the finance minister concluded an agreement with the country’s investment bank to obtain a $64 million loan. The latter will help meet food and medicine’s needs. 

Moutiou Adjibi Nourou