The Africa Finance Corporation (AFC) has disbursed €75 million of an €85 million sovereign facility to the Government of Angola, facilitated through the Ministry of Finance. This funding is part of a larger €381.5 million financing package aimed at strengthening Angola’s transport infrastructure. The initiative supports the construction of 186 priority bridges and upgrades to the national road network under Angola’s National Development Plan (2023–2027).
The project is designed to reduce transportation costs, improve market access for agricultural producers, and generate around 900 direct jobs. It also aims to enhance the resilience, efficiency, and inclusiveness of the country’s transport system. AFC solely arranged and financed the €85 million facility and is the mandated lead arranger of the commercial tranche. The broader financing effort includes contributions from the U.S. Export-Import Bank via the U.S. Private Export Funding Corporation, with Standard Chartered Bank serving as the coordinating and structuring bank.
Key implementation partners include Conduril, a Portuguese civil engineering firm acting as the main EPC contractor, and U.S.-based Acrow, which is supplying the bridge structures. The project reflects AFC’s commitment to infrastructure-led growth, regional integration, and climate-resilient development across Africa.
The infrastructure improvements are expected to cut travel times, reduce logistics costs, and bolster climate resilience within Angola’s transport sector. Moreover, the enhancements will support regional trade by improving cross-border connectivity across Southern and Central Africa. Through this transaction, AFC continues to demonstrate its role in delivering strategic infrastructure solutions that advance economic transformation and inclusive development on the continent.
