Angola takes on loan from South Africa

Angola will borrow USD216 million from the Rand Merchant Bank, South Africa, to be used to finance the project to repair two national roads, according to a presidential order.
The order of 20 February justifies the borrowing with the “need to ensure the implementation of the projects listed in the Public Investment Program, promoted by the Ministry of Construction, through the Angola Road Institute (INEA), as part of a recovery of road infrastructure of the country.”
The two national roads in question are the EN180 and EN225, and repair of 180 kilometers of the EN180, between Saurimo and Moxico, began in 2008 and is still not complete.
In the same area of ​​the North of Angola, the reconstruction of EN225 involves about 500 kilometers and, in addition to paving, includes construction of 14 new bridges and 24 culverts. MDT/Macauhub