Angop - Agência de Notícias Angola Press

Cuba to strengthen investment in Angola

Thu, 13 Jun 2019 10:56 - Economy

Luanda - The Cuban authorities intend to increase their trade with Angola in the short, medium and long terms and to see greater investments by Angolan companies flowing into the Caribbean Island.

  • Cuban ambassador to Angola, Esther Armenteros

The interest was expressed by the Cuban ambassador to Angola, Esther Armenteros, who spoke to ANGOP in the ambit of the soon to happen state visit to Cuba of President João Lourenço, focused on strengthening and redefining the milestones of cooperation between the two nations.

According to the diplomat, Cuba wants to obtain greater presence of investments of Angolan companies in sectors of interest to that archipelago, in correspondence with the projections of economic and social development.

Currently, the Angolan company with a strong presence in the Cuban market is the oil company Sonangol, whose actions must be reassessed, in order to adapt them to the new paradigms that are intended to be established in the cooperation between the two countries.

The Angolan airline company TAAG also has a representative office in Havana and has resumed connecting flights between Luanda and the Cuban capital with a stop in the Cabo-verdean island of Sal.

Cooperation between the two countries is limited to a number of areas, including military, defence, security, health, education, higher education, oil and industry, based on a General Cooperation Agreement, signed in 1976, shortly after the independence of Angola, on November 11, 1975.

Angola and Cuba reviewed this cooperation during the XIV Session of the Intergovernmental Commission between the two countries, held in Luanda from April 15 to 17 this year.

As for relations, in general, Esther Armenteros considers that they are "strong" and will remain so, as a "legacy" for future generations, who should feel proud to belong to these two friendly peoples.