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Southern Africa

Angola Secures US$1.4 Billion Loan To Build 48 Mini-Grids

Standard Chartered has a long record of providing ECA-backed financing to Angola.

July 6, 2023

By Liz Bains
Angola’s Ministry of Finance has secured EUR 1.29 billion (US$1.4 billion) in financing from the UK's Standard Chartered to construct off-grid electricity infrastructure.  The loan will fund 48 hybrid photovoltaic generation systems with energy storage, which act as mini-grids, benefiting more than 200,000 households in 60 communities that are not connected

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