Angola with 1.65 percent of AfDB share capital

Luanda – Angola has a share of 1.65 percent of the capital stock of 100 billion US dollars of the African Development Bank (AfDB), said the bank’s strategist, Joel Daniel Mizima.

By 2019, the bank plans to strengthen capital by members, according to Joel Daniel Muzima, who represented the AfDB in the seminar on the financing instruments of international institutions, promoted by the Ministry of Finance, last week.

The ADB, according to Joel Daniel Mizima began its activities with 256 million dollars in 1964 and currently counts 100 billion dollars of African and regional member countries.

Angola is currently benefiting a loan of US $ 769, 538 million distributed among the financial sector (USD 425 million), agriculture and fisheries (USD 101,7 million), water and sanitation (USD 123 million) (USD 90 million), multisectoral support (USD 24,8 million) and transport (4,17 million).

ADB in its strategy “Accelerating Africa’s Transformation” wants to achieve universal access to energy in Africa by 2025, since more than 635 million people still do not have access to electricity.

Some 78 countries are members of the AfDB, of which 53 regional members and 25 non-regional members.

Source: Angola Press News Agency