The announcement was made by Luís Montenegro in a joint statement alongside President João Lourenço at the Palácio das Necessidades, as part of his official visit to Portugal.
The Portuguese Prime Minister emphasized that, 12 months ago, during his official visit to Angola, an increase of 500 million euros in this line had already been announced, increasing it from 2 billion to 2.5 billion euros.
With this new increase, the credit line, made available to Portuguese companies through the Banco de Fomento, increased "62.5 percent in a short 12 months," the head of the Portuguese government emphasized.
"At the time, it was, as he said, a sign of confidence in Angola's future. This sign of confidence is now reinforced, because today we decided to allocate an additional 750 million euros to this line, which, in the short space of 12 months, increases the credit line's ceiling from 2 billion to 3.25 billion euros," he said.
Montenegro considered this to be "a successful instrument" and a "positive contribution to the work of both governments and both economies," and he welcomed further reinforcements in the future.
"This line of credit has demonstrated the reliability of all its stakeholders (...) Our hope is that it can be used in an even more diversified manner, both in terms of the sectors of activity covered and in terms of the companies that can benefit from it," he stated.
In his statement, which, like João Lourenço's, was open to questions, the Portuguese Prime Minister stated that economic relations between the two countries are experiencing "an excellent period."
"I would like to reiterate our gratitude to all Angolan businesspeople who seek and seize opportunities in the Portuguese economy and to all those Portuguese businesspeople who invest heavily in Angola," he stated.
Portugal, he emphasized, is "Angola's second-largest trading partner," with 1250 national companies operating in the country, and recalled the environment he encountered during his official visit in 2024.
"I was able to verify on the ground that the business environment is positive and favorable, that governments are committed to creating even more conditions and instruments for this economic cooperation to develop, and that we can, both through public policies and by stimulating private initiative, contribute to the economic development of our countries," he stated.
João Lourenço arrived in Lisbon late Thursday afternoon and met with the President of the Republic, Marcelo Rebelo de Sousa, this Friday morning. He then continued to the official residence of the Portuguese Prime Minister, where he met with Luís Montenegro, followed by a working lunch.
In the early afternoon, the two met with Portuguese businesspeople at the Palácio das Necessidades, before signing 11 bilateral cooperation instruments and making a statement to the press, without the right to questions from the media.
