Sidi Ould Tah was received on Wednesday by President João Lourenço, and this Thursday he visited the ZEE, considering it “a great opportunity” to see the development and potential of that area in person.
“In very simple terms, BADEA wants to support the ZEE in two ways: to support investors who want to set up in the ZEE and to help the ZEE increase the level of infrastructure in its reserves”, said Sidi Ould Tah, adding that he wants to start this cooperation immediately, which he intends to “last forever”.
In turn, the Chairman of the Board of Directors of the ZEE, Manuel Pedro, highlighted the extreme importance of this regional bank, stressing that the ZEE has sought to establish relationships with highly relevant international regional partners, who can help in the most diverse aspects and sectors there.
“The bank is very interested in financing our infrastructure, which is the fundamental pillar for our development, but it also intends to work on a line of credit to support all those who want to invest in the SEZ but do not have the resources, only the ideas”, said Manuel Pedro, in statements broadcast by Rádio Nacional de Angola.
The official also said that the parties will now begin discussions for “an open line of credit, to enable all those who want to invest in the SEZ but do not have the resources, to access this line”, using that space to set up their industries.
“And with that, contribute to increasing production, promoting exports and increasing jobs”, he stressed.
Leaving the meeting with the head of state on Wednesday, Sidi Ould Tah said that it served to address Angola’s priorities and congratulate the Angolan President on the country’s economic performance in the face of the “very turbulent international macroeconomic environment”.
“I also took the opportunity to present to the President of the Republic what BADEA is, which is a bank owned by 18 Arab countries and which has 44 African countries as beneficiaries,” he said.
According to Sidi Ould Tah, the purpose of the visit to Angola was to hear the priorities of the Angolan President and his Government, and to see how the bank “can provide some support in terms of financing”, namely supporting Angola’s National Development Plan 2027 and the 2050 vision.
