Angola has received more than a billion dollars to construct photovoltaic electricity distribution infrastructure for rural villages across the country. On 24 July 2023, Standard Chartered announced $1.4 billion in financing for the Angolan Ministry of Finance to build the infrastructure. “The new generation systems will support rural villages across the country to become more self-sufficient and less reliant on Angola’s main electricity network,” said Standard Chartered. Angola: sanitation loan to improve access to climate-resilient servicesEdna Schöne, Executive Board Member, Euler Hermes, said: “This project is not only of crucial importance for Angola and sub-Saharan Africa, but helps to reduce greenhouse gas emissions. In September 2021, the Bank also announced $1.1bn financing to develop critical water supply infrastructure to serve the Angolan capital Luanda.

Source: The North Africa Journal July 24, 2023 13:10 UTC