Angola Signs MoU With US Company For Water Supply Initiative

Transformative Investment For Angola

28 Sep 2021 by Local Press Report
WASHINGTON DC

Angola has signed a Memorandum of Understanding (MoU) with Sun Africa and US-based AfricaGlobal Shaffer to create the largest minigrid energy project in Africa. The project will consist of the electrification of all municipal headquarters and main communes in the country. The Angolan Minister of Energy and Water, João Baptista Borges, Borges said that the objective of the project is to supply electricity and water to the population and promote the emergence of economic ventures. The project also features the installation of water supply systems, said the minister, adding that Sun Africa will mobilise financial resources from the US EximBank to cover the needs of the project.

Source: ESI Africa

Source: ESI Africa

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