UK Export Finance (UKEF) has committed £655 million in financing to support four significant infrastructure projects in Angola. This backing is set to unlock £167 million in supply contracts for British businesses.
The projects encompass the design and construction of Cabinda International Airport, the rehabilitation of the Camama-Viana Road, and electrification initiatives in Uíge and Huambo provinces. These developments are expected to create opportunities for British contractors and suppliers across the UK.
Business, Innovation, Science and Trade Secretary Jonathan Reynolds stated that UKEF's support helps showcase British expertise in infrastructure, engineering, and construction. Tim Reid, CEO of UK Export Finance, added that these projects will improve transport links and electrification in Angola while boosting UK business and supporting jobs.
UKEF has a history of supporting projects in Angola, with cumulative support exceeding £2 billion since 2018 across various sectors.