Turkey grants $500 million credit line to Angola

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Angolan President Joao Lourenco welcomes Turkish President Recep Tayyip Erdogan upon his arrival in Angola on October 17, 2021. (Press Photo / Angolan Foreign Ministry)
Angolan President Joao Lourenco welcomes Turkish President Recep Tayyip Erdogan upon his arrival in Angola on October 17, 2021. /Angolan Foreign Ministry)

Turkish President Recep Tayyip Erdogan announced here on Monday a credit line of 500 million U.S. dollars to help boost Angola’s economic development.

He made the announcement at a joint press conference with his Angolan counterpart, Joao Lourenco.

Erdogan lauded the ongoing reforms in Angola and its efforts to pacify the southern and central African regions.

He invited Angola to participate in the third Turkey-Africa Summit slated for December. “With this summit we will enter a new era of cooperation between Turkey and the African continent,” he said.

Angola was the first stop of Erdogan’s trip to the African continent, which would also take him to Nigeria and Togo.

Government officials of Angola and Turkey signed cooperation agreements on customs matters, agriculture, education and industry.

Since 1980, Angola and Turkey have enjoyed cooperation in the fields of agriculture, trade, culture, education, sport, justice and defense.

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