João Lourenço, in a presidential order dated October 6, published in Diário da República and consulted this Wednesday by Lusa, justifies the measure by the need to finance "strategic and priority projects" in different sectors of the economy.
The public works included in this financing are linked to the energy, natural resources, education, agriculture, water, sanitation, agro-processing, technology and communication, real estate, health and economy sectors.
The President authorizes the Minister of Finance, with the power to sub-delegate, to sign the aforementioned framework financing agreement with the financial institution Luminar Finance Limited and all documentation related thereto.
Liminar Finance Limited, a company based in Zurich, Switzerland, linked to the Israeli Mitrelli group, is involved in financing several housing and electrification projects in Angola.
Luminar Finance Limited, which presents itself as a "world-leading provider of financing solutions for emerging market countries", particularly in Sub-Saharan Africa, is part of Haim Taib's Menomadin group and only finances projects in countries that have contracts with Mitrelli.
