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African Development Bank has lent US$3 billion to Angola and wants to fund the private sector

The Abidjan, Ivory Coast-based African Development Bank (ADB) has invested about US$3 billion in the public sector in Angola, of which one-third is in projects still underway, and wants to attract the private sector to this source of funding.

In an interview with Lusa news agency, the ADB representative in Angola, Pietro Toigo, revealed that the ADB's activity in Angola had increased significantly in the last decade, especially in the previous five years, but for now only with public sector projects.

Angola joined the African Development Bank in the 1980s. Since then, the financial institution has . . .

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