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    Angola Strives to Consolidated Affiliation with Sao Tome and Principe

    Posted On 12 Jul 2020
    By : New Africa Business News, Staff Correspondent
    Comments: 16

    By Abdul Rahman Bangura–

    Luanda, Angola
    Photo Credit: Africa Business Communities

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The President of Angola – João Lourenço on July 9th, this year, underscored the necessity to extend and exacerbate partnership between Angola and São Tomé and Príncipe.

    In an announcement expressed to his counterpart – Evaristo do Espírito Santo Carvalho, observing the 45th anniversary of the National Independence of Sao Tome and Principe, the Angolan Head of State reassured that, both nations have an identical narrative and political trajectory, that perform as a component of nearness between the two nations.

    According to President Lourenco of Angola, a combined excursion is essential as away to attain a wide frame of undertakings of public interest, intending for at the progress, development and welfare of citizens.

    “On this date of great importance for your people, I join in expressing my gratitude for the successful efforts undertaken by the brave sons of this Nation, who from a very early age put all their commitment and tenacity towards the achievement of freedom and the construction of a stable, prosperous tenacity a solid and exemplary democracy,” reads the letter.

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    Angola and São Tomé and Príncipe signed an Agreement for Reciprocal Protection of Investments in 1995, with a view to creating favorable conditions to stimulate private initiatives and intensify economic cooperation between the two States.

    As part of this partnership, some Angolan investments were made in São Tomé and Príncipe, including the purchase of the Rosema brewery in 1990, through an investment achieved, via an international public tender, by the Angolan businessman Melo Xavier.

    The two countries, which cooperate in political, diplomatic and economic fields, are members of the Community of Portuguese-Speaking Countries (CPLP) and the African Portuguese-Speaking Countries (PALOP).

     

     

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    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

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    16 Comments

    1. Lara July 12, 2020 at 4:34 am Reply

      Our President João Lourenço is doing the best for our country and Africa. Cacolo Angola. Lara

      • New Africa Business News, Staff Correspondent July 12, 2020 at 4:36 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Samara July 12, 2020 at 4:41 am Reply

      thank you for reporting. our leader working beautifully for one Africa development. Samara in Ganda, Angola

      • New Africa Business News, Staff Correspondent July 12, 2020 at 4:42 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Ooli July 12, 2020 at 4:48 am Reply

      New Africa business news thank you for giving us up to date great reporting of Angola and all other countries in our great continent. Great job. LUANDA ANGOLA! Ooli

      • New Africa Business News, Staff Correspondent July 12, 2020 at 4:49 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Hiki July 12, 2020 at 4:55 am Reply

      Journalist Bangura I enjoying reading your reports. Thank you very much. Hiki in Beira MOZAMBIQUE

      • New Africa Business News, Staff Correspondent July 12, 2020 at 4:56 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Friedrich July 12, 2020 at 5:06 am Reply

      I love your reporting. Am South African doing my PhD in computer science in London. Regular reader of your online newspaper. Like to take this opportunity to thank you for reporting great stories of the Continent. Friedrich, London, ENGLAND.

      • New Africa Business News, Staff Correspondent July 12, 2020 at 5:07 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Chanda July 12, 2020 at 5:14 am Reply

      Angola is a great place to visit and do business, like many other Countries in the Continent. Is going to be a great future for our people. Lusaka Zambia. Chanda

      • New Africa Business News, Staff Correspondent July 12, 2020 at 5:15 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    7. Luan July 12, 2020 at 5:20 am Reply

      Am a fan of new Africa business news and following you on face book. Thank you. SYDNEY AUSTRALIA! LUAN!

      • New Africa Business News, Staff Correspondent July 12, 2020 at 5:21 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    8. Abibatu Bangura Freetown, Sierra Leone. July 13, 2020 at 11:54 pm Reply

      Journalist Bangura, you’re doing very well. I’m always happy reading your news reports. May God bless New Africa Business News that promotes the image of the African continent.

      • New Africa Business News, Staff Correspondent July 14, 2020 at 5:06 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

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    A twin Currency Trade Finance Line of Credit of $50 Million and €50 Million has been validatedd by the Board of Directors of the African Development Bank Group and the ECOWAS Bank for Investment and Development

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