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Southern Africa

UK Guarantees Infrastructure Projects In Angola

Innovo Group to carry out US$524 million contract in Benguela province.

December 14, 2023

By Sneha Abraham
The UK has issued loan guarantees that will allow British firm Innovo Group to secure a €415 million (US$523.8 million) contract for critical infrastructure projects in Angola’s Benguela province, a coastal region that is vulnerable to flooding and climate-related events.The loan guarantees have been issued through UK Export Finance (UKEF)

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