The six Portuguese - Speaking African Countries (Angola, Cabo-Verde, Equatorial Guinea, Guinea Bissau, Mozambique, and Sao Tome & Principe), signed on November 6, 2018, an agreement for the implementation of $5 billion worth projects to boost growth. This was revealed by the African Development Bank (AfDB) in a statement published on the sidelines of the Africa Investment Forum held in Johannesburg (South Africa).

This agreement co-signed by the AfDB should allow the implementation of the said projects in the framework of public-private partnerships.

By focusing on the private sector, these projects should help boost those countries’ human and infrastructures capital for better management of their resources.

Concretely, the new agreement is aimed at attenuating the risks for private investment and public-private partnerships, and improving direct financing for investments and developing the private sector.

Let’s note that Portugal has announced about $23 million credit lines via the Société pour le Financement du Développement (SOFID), its development agency.

Moutiou Adjibi Nourou