Financing agreements planned for October

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Financing agreements planned for October
Financing agreements planned for October

Africa-Press – Angola. The Angola – Italy Chamber of Commerce and Industry (CCIA) receives, in October, an Italian business delegation, to sign financial partnership agreements, informed the institution’s vice-president, Hélder Cardoso.

The business mission will bring together 10 companies in the areas of food, manufacturing and solid waste, agriculture, logistics, infrastructure and machinery suppliers, including an investment fund.

The delegation’s arrival is supported by the Angola-Italy Business Forum, held in May, in the Italian city of Milan, in which 70 companies from different sectors participated, with emphasis on the food processing industry, agriculture, banking, insurance, Oil & Gas and ornamental rocks. Hélder Cardoso highlighted that, at the last event, intentions were made for cooperation agreements between the Angolan Development Banks (BDA) and Millennium Atlântico and the Investment Fund (CFE) “Finance”, for the development of financing for the acquisition of equipment and Italian know-how, with the Italian Export Credit Agency (SACE), Export Trade Solutions, Banco BPER and Banco Valsabina (Italian part).

In Angola, the parties, in addition to drawing up financial partnership agreements, will also get to know more projects in the country’s productive sector, with emphasis on the mining sector. Hélder Cardoso underlined that the Mining sector stands out, because in the last forum it was the one that had the greatest representation in Milan, with a total of 15 Angolan associated companies, in addition to the Namibe Trade and Industry Association (ACIN).

Angolan companies, such as the ornamental stone company, have identified equipment suppliers that will allow the processing and transformation of marble and granite, an element that will contribute to the increase in trade between the two countries. “The objective is to purchase equipment for the transformation, extraction, cutting and polishing of ornamental stones”, he stressed.

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