12/March/2009
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Angola: Deal for creation of Angola/Portugal bank signed  

Luanda – Angola and Portugal signed in Lisbon, several documents meant to strengthen the bilateral relations, with highlight to the agreement for the set up of Angola/Portugal Bank, whose main shareholders are the African country’s State-owned oil company (Sonangol) and the European nation’s General Deposits Fund (CGD).

Signed an accord for financing between the ministries of Finances of Angola and Portugal

The documents were struck at the ceremony witnessed by the Angolan president, Jose Eduardo dos Santos, who visited Portugal from Tuesday to Wednesday, and the Prime minister, José Sócrates.

There was also signed an accord for financing between the ministries of Finances of Angola and Portugal, as well as the General Fund of Deposits of Portugal, concerning the granting of a credit line.

The authorities of the two Portuguese-speaking countries also have signed an addendum to convention relating to the coverage of risks of loans for the exports of goods and services from the European nation to the Republic of Angola.

An another memorandum between the State Secretary for Higher Education of Angola and Portugal’s Ministry of Science, Technology and Higher Education was also struck.

The documents were signed by the Angolan minister of Finances, Severim de Morais, the chairperson of board of directors of Sonangol, Manuel Vicente and the State secretary for Higher Education, Adão do Nascimento.

On the Portuguese side the accords were signed by the minister of State and Finances, Teixeira dos Santos, the chairperson and deputy chairman of board of directors of General Deposits Fund of Portugal, Fernando Faria de Oliveira and Francisco Bandeira, respectively, and the minister of Science and Technology, Mariano Gago.

At the end of the signing ceremony, president Jose Eduardo dos Santos and Prime minister, José Sócrates spoke about the accords, where they have expressed the wish of the two countries to be committed to their compliance, as part of the boosting of economic relations between Angola and its former colonial power. Source: ANGOP 03/11/09