US Bank Approves Nearly USD 300 Million for TAAG Modernization

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US Bank Approves Nearly USD 300 Million for TAAG Modernization
US Bank Approves Nearly USD 300 Million for TAAG Modernization

Africa-Press – Angola. Angolan president João Lourenço announced on Tuesday, in an interview with CNN Portugal, that the US bank, Afreximbank, approved last week a financing of nearly 300 US dollars million to support the acquisition of new Boeing aircraft for the modernization of TAAG – Angola Airlines fleet.

The financing represents a significant boost for Angolan civil aviation and the country’s integration into major international air corridors.

“This is a strategic investment that will allow TAAG to operate with greater efficiency, safety, and competitiveness,” the president said.

Despite the uncertain geopolitical context, the President assured that relations between Angola and the United States remain strong.

“So far, with the new White House administration, we haven’t noticed any change. On the contrary, this support for TAAG is proof of that,” he explained.

The announcement comes at a symbolic moment when Angola celebrates 50 years of independence, and the President took the opportunity to reflect on the country’s journey in recent decades, from the end of colonization, through the civil war, to the consolidation of a democratic and sovereign state.

Portugal is not Angola’s gateway to Europe

Even before departing for an official visit to Portugal, João Lourenço made it clear that Angola maintains an independent foreign policy that is open to the world.

“I reject the idea that Portugal is Angola’s gateway to Europe. Angola is a sovereign country, with direct relations with its partners,” he stated.

A Reconciled Democracy

When asked about the scars of the civil war and its current impact, the President said that Angola now enjoys a full and reconciled democracy, even after years of internal conflict.

“The country has always been one and indivisible. National reconciliation is a reality. The Angolan people have matured,” he declared.

New world, old stalemates

João Lourenço once again defended the need for a new world order, criticizing the current international system, where, according to him, “the law of force” still prevails.

Lourenço reiterated the urgency of profound reforms in institutions such as the UN Security Council, the World Bank, and the International Monetary Fund to better reflect the interests of developing countries.

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