Angola, Germany: credit, engineering, tech, boost for econ reform
- August 23, 2018
- - 3:07 pm
Summary The Angolan president secured $500 million in credit facilities during his August 22-23 visit to Germany. German engineering and technology may be used with the funding to establish hydroelectric power generation and steel manufacturing, underscoring the Angolan leader’s imperative of raising economic growth through reforms in foreign investment, industrialization and cost-cutting measures. Analysis Conforming to the forecast that Angolan President Joao Lourenço’s August 22-23 visit to Germany will yield significant economic support, the Angolan president secured a $500 million credit facility to finance the acquisition of German industrial equipment. The Angolan leader welcomed the creation of a bilateral chamber …
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