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Portugal: State budget 2019 to allocate €400 million to private projects in Mozambique, Angola, Cape Verde and Sao Tome
8:57 CAT | 08 Nov 2018
The initiative aims to carry out 65 projects in the private sector in these four African countries, as well as potential public-private partnerships valued at over $5 billion. File photo: Lusa
Portugal’s government has decided that €400 million from its 2019 state budget is to be allocated to projects in four Portuguese-speaking countries in Africa, the country’s secretary of state for foreign affairs, Teresa Ribeiro, told Lusa during the signing of a multilateral investment initiative in Johannesburg on Wednesday.
The agreement was signed by the African Development Bank (AfDB), Portugal, and four Portuguese-speaking countries: Angola, Mozambique, Cape Verde and São Tomé and Princípe.
The initiative aims to carry out 65 projects in the private sector in these four African countries, as well as potential public-private partnerships valued at over $5 billion, Ribeiro said.
She said the initiative represented an “extraordinary opportunity” for the development of these countries.”
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Source: Lusa
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