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Portugal and Angola Strengthen Ties with $873 Million Credit Boost and Key Agreements

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• Angola and Portugal signed eleven agreements covering security, transport, education, and investment.
• Lisbon increased its credit line to Angola by €750 million ($873 million) targeting infrastructure, energy, education, and health.
• Bilateral trade reached $1.2 billion in 2024, reflecting deep historical and strategic ties.

Angolan President João Lourenço reinforced cooperation with Portugal during an official visit on 25-26 July. The visit culminated in the signing of eleven agreements spanning internal security, civil protection, road safety, transport, logistics, maritime safety, higher education, and investment promotion.

These accords include collaboration between Portugal’s Camões Institute and Angola’s Agostinho Neto University, and joint initiatives involving AIPEX, AICEP, and Porto Business School to promote investments.

“This is a very significant visit, […] aimed at consolidating consensus and adopting lasting decisions,” said Angolan Foreign Minister Téte Antonio after meeting Portuguese Foreign Minister Paulo Rangel.

Portugal also pledged a €750 million ($873 million) increase in the credit line to Angola via Banco Português de Fomento. This financial boost aims to open new avenues in infrastructure, energy, education, and health sectors.

Portugal and Angola share strong historical, cultural, and linguistic ties dating back to Angola’s independence in 1975. Their relationship has matured into a broad partnership founded on cooperation, mutual respect, and common interests.

Over time, the partnership expanded across political, diplomatic, health, education, justice, security, and defense sectors. Both countries also coordinate within multilateral bodies such as the Community of Portuguese-speaking Countries (CPLP), the United Nations, and the European Union, where they align on many global issues.

In 2024, trade between Angola and Portugal reached $1.2 billion, according to Trade Map data.

This article was initially published in French by Ingrid Haffiny (intern)
Edited in English by Ange Jason Quenum

 

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