- November 14, 2018
- Posted by: ABO Capital
- Category: Publications by Zandre Campos
Angola has continued to strengthen its mutually beneficial relationships with allies, particularly China, which has invested in the south-west African country’s infrastructure since the two countries established diplomatic relations in 1983.
President João Lourenço’s recent and first visit to Beijing proved to be beneficial, having secured $2bn in financing from the China Development Bank. The funding is a positive step toward implementing major necessary projects. In addition, we should expect to see slow and controlled spending with the funds, ensuring the money is allocated strategically. The move should be highly attractive to investors and Angolan residents across a number of sectors.
You can read the full publication here.