Standard Chartered announces EUR 1.29 billion of financing for the Angolan Ministry of Finance to construct photovoltaic electricity distribution infrastructure. Commenting on the financing deal, Claudia Conceicao, CEO, Standard Chartered Bank Angola said: “As Standard Chartered, the commitment to sustainable development and supporting communities to transition to renewable energy is reflected in our financing of the solar powered electricity infrastructure in Angola. Standard Chartered acted as sole Bookrunner, Original Lender, Facility Agent, Structuring Bank and Mandated Lead Arranger. Yoshi Ichikawa, Head of Structured Export Finance for Europe, Standard Chartered Bank, said: “We are thrilled to complete the financing of this important project for the Angolan government to supply renewable energy-sourced electricity to local communities. [1] Data provided by MCA Group[2] Data provided by MCA Group[3] Data provided by MCA Group[4] German Export Credit Agency Euler Hermes: exportkreditgarantien.de/en[5] https://www.mcagroup.com/[6] These are UN SDGs One, Two, Seven, Eight, Ten, Eleven, Twelve and Thirteen[7] https://www.sc.com/uk/2022/12/01/standard-chartered-announces-eur-238-million-of-financing-to-build-agricultural-and-transport-infrastructure-in-angola/[8] Standard Chartered announces EUR 149 million Social Loan financing to build a new hospital in Angola | United Kingdom (sc.com)[9] https://www.sc.com/en/feature/usd-1bn-financing-project-water-infrastructure-angola/

Source: The North Africa Journal July 25, 2023 15:32 UTC