Angola Infrastructure Development Programme

Over the years, the DBSA has pursued building its deal pipeline in Angola following on the R1.75 billion sovereign credit line fund for the development of infrastructure projects in Angola.  Warm economic and diplomatic relations between South Africa and Angola culminated in a  series of lines of credit being secured and facilitated by the DBSA, AFDB, IDC and ECIC with the view of expanding infrastructure financing programmes in Angola. Some of these deals include a line of credit to BPC of R182m and the R100m Nova Cimangola Cement plant deal.

The DBSA was also mandated by the Ministry of Finance of the government of Angola to lead arrange a 10-year US$700 million loan facility needed for road projects across the country to repair roads destroyed during the civil war. The DBSA directly contributed US$150 million of the US$700 million in 2014, which has been fully used in the upgrading and rehabilitation of several national roads in the eastern part of the country. The roads are part of Angola’s integration of the country after the brutal civil war, as well as part of its strategy to decentralise the economy, expanding from Luanda, by building infrastructure that will facilitate investment and trade across the country.