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AfDB Strengthens Ties with Angola
Luanda, 29 July 2009 – The African Development Bank (AfDB) Group President, Donald Kaberuka, is on his first official mission to Angola from 29-31 July 2009. The mission builds on the present momentum in the bilateral relationship with Angola to give impetus to the Bank’s re-engagement with the country and strengthen cooperation. The Bank’s positive actions toward this end include the appointment of the AfDB Angola Country Manager, as well as its commitment to the opening of an AfDB office in Luanda by the end of 2009. During the visit hosted by the Angolan Planning Minister, Ana Dias Lourenço, Mr. Kaberuka will have the opportunity to interact with high level stakeholders in government and the private sector.
The Angolan government is equally keen on strengthening cooperation with the Bank as indicated by the Minister during her official mission to the AfDB in Tunis, from 16-17 July 2009. “It is time to make the presence of AfDB more visible in Angola”, she said. During the mission to Tunis, the Minister signed a US$ 18.6 million (UA 12 million) loan to finance an Environmental Sector Support Project which aims at strengthening the legal, policy, institutional and regulatory framework of environmental conservation and sustainable management of Angola’s natural resources.
The Bank Group’s cooperation with Angola started in 1983. The institution’s current portfolio distribution by sector is as follows: Agriculture & Rural Development (32.7%), Social sector including Health and Education (27%), Water and Sanitation (16.2%), and Multisector (8%).
The indicative Bank Programme for Angola in 2009/2010 envisages 4 operations totaling US$ 73 million (UA 47 million) related to infrastructure management, professional skills education, water and sanitation, and agriculture and natural resources management sectors. The dialogue with the Angolan government is ongoing, and will be consolidated by President Kaberuka and AfDB experts’ delegation mission to the country. A Business Opportunity Forum for the Angolan private sector is being planned for September 2009.