Finance Minister Vera Daves de Sousa has signed major financing agreements to drive Angola's technological advancements and infrastructure development.
The agreements, signed with French financial institution Société Générale, allocate €35,268,507 and €189,988,694—totaling €225,257,201—for the design, manufacturing, and launch of an Earth Observation Satellite System. This ambitious project, carried out in partnership with European aerospace leader AIRBUS, includes the construction, launch, and in-orbit installation of the satellite, marking a significant milestone in Angola’s space capabilities.
In addition to the satellite financing, the Minister signed two technical instruments to drive further advancements: Phase 2 of the National Meteorological Service Modernization Project, which aims to enhance the national seismology network and services vital for aviation, agriculture, the oil and gas industry, and the armed forces; and the Rehabilitation and Expansion Project of the Luanda Medicine Quality Control Laboratory, focusing on modernizing the facility, expanding its operations, and equipping it with cutting-edge technology.
These agreements were finalized during the Angola-France Economic Forum, which marked the conclusion of the President’s state visit, reinforcing bilateral cooperation and paving the way for Angola’s sustainable growth and innovation.
