Speaking to state TV station Televisão Popular de Angola, the minister said that the new credit line increased the total figure to US$7.83 billion, “which makes it clear that there is a growing link between the two countries.”
So far China has provided Angola with around US$13.4 billion in loans known as “oil for infrastructure” and Chinese construction companies have a significant involvement in Angola’s so-called national reconstruction process.
However, Brazilian construction group Odebrecht, which is involved in construction and agriculture, is Angola’s largest private employer.
Recently the United States opened up a credit line to Angola worth US$1 billion for acquisition of railway and electrical equipment from the General Electric group. (macauhub/AO/BR)
- Brazil has credit line for Angola calculated at over US$5 billion
- Angola: Portugal opens 1.1 billion-euro credit line for Angola
- Brazil sets up new credit line for Angola worth US$2 billion
- Angola negotiates new credit line with Brazil
- Angola uses US$1 billion of its Chinese reconstruction credit line