On the sidelines of the US – Africa Business Summit, held by the Corporate Council for Africa in Dallas, Texas, Angola and the United States celebrated a historic partnership.
With the signing of financing agreements worth more than 1.3 billion dollars with EXIM Bank, with the aim of building 186 prefabricated bridges for the development of the Lobito Corridor, two solar power stations with installed capacities of more than 500 megawatts and the project to extend the FM radio service to 95 per cent of the Angolan population.
The Lobito Corridor alone is expected to contribute more than 1.5 billion dollars a year to Angola´s GDP, and the country can significantly improve regional energy security by exporting its energy production surpluses, which will further increase GDP, through its connection to the soon-to-be-connected Southern African Power Pool.
Agency for Private Investment and Export Promotion (AIPEX), in Luanda on 11 May 2024