Ver Angola


First Angolan Venture Capital Company launched to finance national oil companies

Petrofund, the first Angolan Venture Capital Investment Company, was launched this Wednesday, in Luanda, and already has a financing line of 320 million dollars from a North American investor, the company announced.


In a press release, the company states that the investor from the United States of America, Jaha Cummins, signed the agreement that makes available 320 million dollars per year to Petrofund clients at the launch of this company, and that it intends to "bring financing alternatives to Angolan companies that provide services and supply goods and equipment to the oil industry".

The note highlights that the venture capital company, registered by the Capital Market Commission (CMC), also aims to provide financing alternatives to bank credit for mineral extraction companies and other sectors, and has the support of several national and international investors.

The chairman of Petrofund's Board of Directors, Vicente Inácio, cited in the press release, highlighted that this company intends to position itself "as a strong ally in the strengthening of Angolan companies in the oil and gas sector", but also in the "diversification of the economy, financing companies in the non-oil sector".


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