Standard Chartered arranges $1.1bn financing for Angola water project
Standard Chartered said on Monday, 6 September, that it had arranged $1.1bn of financing for the Angolan government for a water supply project that will serve its capital Luanda.
Source: Reuters/Bobby Yip
The funding is made up of two loans - a $910m facility supported by a partial World Bank guarantee, and $165m backed by France's export credit agency.
The project aims to improve access to drinking water for the capital's over 2 million residents.
The financing will be used for investments in water production, transmission and distribution facilities, including a water treatment plant, storage facilities and new networks, Standard Chartered said in a statement.
Source: Reuters
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/Related
South African rand holds gains after Sarb focuses on lower inflation target 2 days Orasecom Climate Resilient Investment Conference to drive funding for vital water infrastructure 7 May 2025 First close of Airnergize Capital at R2.4bn in support of sustainable infrastructure for Africa 14 Apr 2025 R2m to address eThekwini water challenges 26 Mar 2025 Gauteng's illegal boreholes and other water infrastructure woes: What can we do about it? 6 Mar 2025 Standard Chartered mulls sale of wealth, retail operations in Africa 28 Nov 2024
