Ver Angola

Trade

AfDB invested more than 40 billion in infrastructure to facilitate trade in the last five years

Another 40 billion dollars was how much the African Development Bank (ADB) invested in infrastructure to facilitate trade in the region over the last five years, revealed Wankele Mene, secretary general of the African Continental Free Trade Area.

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"The BAD, in the last five years, has invested more than 40 billion dollars in infrastructure," said the official, quoted by Rádio Nacional de Angola (RNA).

The official was speaking within the scope of the swearing-in of the judges of the dispute resolution body of the African Continental Free Trade Area, whose act, according to RNA, took place this Friday, in Luanda.

Regarding the body, Wankele Mene said, quoted by RNA, that its establishment will "allow commercial exchanges to be carried out with well-established rules".

In turn, Victor Fernandes, Minister of Industry and Commerce, also quoted by RNA, said that "it is not a fact whether we are national or not that will mean that the result of the actions of these judges is not absolutely impartial".

"We are currently in the technical and almost final discussion of our offer," he added.

Téte António, Minister of Foreign Affairs, questioned whether circulation will remain as before, thus highlighting the challenges: "Are we going to continue to circulate as we circulated before? Are we going to be the continent that has always sold raw materials instead of transforming them? them? These are the great challenges we have and this zone will play a driving role in many of these processes", he indicated, quoted by RNA.

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