CEO of the UK Export Finance Agency is in Luanda

The Chairman of the Board of Directors of the United Kingdom Export Credit Agency, UK Export Finance, Tim Reid, is in Angola, to reinforce economic cooperation and explore new opportunities for collaboration.

“The visit underlines UKEF’s commitment to supporting Angola’s development objectives and promoting mutual prosperity,” he said.

According to a note sent to the editorial staff of Jornal de Angola, Tim Reid and the UKEF delegation have been in the country since yesterday, to understand how their future support can have a more significant impact. During the visit, the PCA will meet with the President of the Republic, João Lourenço, to discuss strengthening bilateral relations between the United Kingdom and Angola.

The UKEF PCA will also visit the Mother and Child Hospital, where UKEF support is providing advanced medical care for mothers and newborns, with an emphasis on positive impact for the local community.

The visit to the country, which runs until the 13th of this month, also includes a trip to Benguela, where Tim Reid will visit the coastal area of ​​Lobito and will meet with the British companies, Innovo and the Angolan company, Carrinho.

According to the note, UKEF's efforts in Benguela focus on flood risk management, improving flood safety on the coastline, promoting community resilience.

“We are committed to creating sustainable partnerships and driving economic growth, as we work hand in hand with Angola to build a more prosperous future for our two countries.” said Tim Reid.

In turn, the British ambassador to Angola, Bharat Joshi, declared that this visit represents a significant step in the ongoing collaboration between both countries, and demonstrates the positive impact of UKEF's support in various sectors.


Support

Angola has benefited from the highest level of ongoing support from UKEF across sub-Saharan Africa. The export credit agency aims to support more infrastructure in Angola, a great opportunity for infrastructure development and the growing economic partnership between the two countries. UKEF may consider projects across a range of sectors, with a particular focus on initiatives that promote sustainable development and the energy transition.

By joining forces to combat climate change and ensure sustainable development, we can create a resilient and sustainable future. UKEF is working closely with the Angolan government and international companies to drive forward some of the largest and most transformative infrastructure projects in Angola.

UK Export Finance (UKEF) is the United Kingdom's export credit agency and a government department that collaborates with the Department for Business and Commerce. Founded in 1919, it promotes prosperity through financing and insurance for UK exports. Working with over 100 insurers and private lenders, UKEF supports sovereign buyers and large international companies with finance, loans and insurance to deliver projects. UKEF has supported projects in more than 200 countries, with the partnership with Angola being an important part of its global activities.

Source: https://www.jornaldeangola.ao/#/noticias/