The Africa Finance Corporation (AFC) has disbursed €75 million of an €85 million sovereign facility to Angola to support the construction of 186 priority bridges and critical upgrades to the national road network.
The project, which is part of Angola’s National Development Plan (2023–2027), is aimed at reducing transportation costs, facilitating access to markets for agricultural producers, strengthening Angola’s transport system and creating approximately 900 direct jobs.
Moving forward, the project is expected to significantly strengthen the resilience of Angola’s transport network to climate-related disruptions, reduce travel times, and lower logistics costs for communities, farmers, and businesses. It also supports regional integration by enhancing trade corridors and cross-border connectivity across Southern and Central Africa.
The credit facility is solely financed by AFC as part of the €381.5 million financing package previously announced by the AFC across Africa in partnership with the U.S. Export-Import Bank through the U.S. Private Export Funding Corporation.
It is being coordinated and structured by Standard Chartered Bank; Conduril, a leading Portuguese civil engineering firm, which is the main EPC contractor; and Acrow, a U.S. construction industry giant as the bridge supplier.
“We are proud to advance this catalytic investment that will connect underserved regions, enhance regional trade, and improve the quality of life for millions of Angolans.
“This disbursement demonstrates AFC’s unique capacity to structure and fund impactful infrastructure projects that address critical national priorities and accelerate economic transformation,”Samaila Zubairu, President & CEO of Africa Finance Corporation noted.
AFC has constantly played its role as a trusted partner to African governments in delivering bankable infrastructure solutions that address the continent’s most urgent development challenges.
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