Angola Secures $121M in ADEX Funding

Angola. Bigstock (1)

The second agreement involves a $45 million capital injection that will allow UAE-based manufacturing company, Mark Cables, to install and maintain a modern and sustainable street-light system across the major Angolan cities of Luanda, Malanje, N’dalatando and Uíge.

“The two agreements constitute an important starting point for a new phase of developmental cooperation with the government of Angola. They contribute to building efficient partnerships to support the development of modern, environmentally-friendly infrastructure in Angola in cooperation with well-established UAE companies, as well as companies based in Angola. These activities will also contribute to the efforts to diversify the UAE’s economy,” Mohamed Al Suwaidi, Director General of the Abu Dhabi  said.

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Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.
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