May 29, 2018 / 1:14 PM / 2 years ago

Afreximbank to give Angola $2 billion in financing support

LUANDA (Reuters) - The African Export-Import Bank (Afreximbank) said on Tuesday it is arranging up to $2 billion in financing support to Angola for essential imports including food items and pharmaceuticals.

The bank’s President Benedict Oramah said the financing would also support the financial services sector by enabling selected Angolan Banks to issue letters of credit, to be confirmed by Afreximbank, for the continued importation of essential commodities, including food items and pharmaceuticals.

Writing by Nqobile Dludla; Editing by James Macharia

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