Angola: AfDB ensures support for economic diversification

Luanda – The African Development Bank (AfDB) will continue to support the diversification of the Angolan economy and contribute to the country’s economic growth, said Tuesday its the Executive Director, Heinrich Mihe Gaomab II.

Speaking to the press after a closed-door meeting with the Angolan Finance Minister, Augusto Archer Mangueira, the representative of Group II of the Southern Africa comprising Angola, Namibia, Mozambique and Zimbabwe, stressed that the priorities focus on the energy and agriculture sector.

He said that the meeting served to deepen the relationship between the AfDB and the Government of Angola, as well as discuss the current and future opportunities for collaboration.

Heinrich Mihe Gaomab II said that the meeting focused on the discussion of major projects in energy and agriculture sectors, aimed at supporting the diversification of the economy which is the priorities of the Angolan Government.

In addition, the Bank’s intervention priorities in the country are guided by the strategic document that is prepared in collaboration with the Angolan Government, which defines two great priorities, namely in the energy and agriculture sector.

The visit to the country paid by the AfDB Executive Director is running from 23 to 28 January.

During this period, Heinrich Mihe Gaomab II has already been in Sumbe city, coastal Cuanza Sul province, where he visited water infrastructures and projects financed by the AfDB.

In addition to the meeting with the Finance Minister, he is also expected to meet the Ministers of Energy and Water, JoAPound o Baptista Borges, of Planning and Territorial Development, Job Graca, of Agriculture, Marcos Nhunga, as well as the governor of the National Reserve Bank of Angola (BNA), Valter Filipe.

Source: Angola Press News Agency