More Africa NewsAngola obtains 248 million from China Eximbank for national broadband project

November 10, 2023by myles0

The Angolan government is increasing initiatives to guarantee high-speed Internet to the population. The executive is already using the AngoSat-2 telecommunications satellite to provide free high-speed Internet connectivity to hospitals, administrations, schools and universities in the country.

The Angolan government has finalized a loan agreement worth USD 248 million with the Chinese Export-Import Bank (China Eximbank), local press reports. The funding will be used to purchase equipment and services for a national broadband project.

It was last January that the Angolan government announced the loan from Eximbank for the implementation of the project. The contract was directly awarded to the Chinese company Sinohydro Corporation in July 2022.

The national broadband project is part of the Angolan government’s efforts to accelerate broadband adoption as part of its digital transformation ambitions. In recent months, the executive has implemented programs to provide Internet connectivity across Angola using the capabilities of the AngoSat-2 telecoms satellite.

Luanda is also installing free internet hotspots in the country.

As a reminder, Angola has 10.08 million Internet users, according to the latest statistics from the Angolan Institute of Communications (INACOM).

Source: Agence Ecofin

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