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Angola Secures $1.3 Bln Loan From Afreximbank for Fertilizer Plant, Media Say

Angola Secures $1.3 Bln Loan From Afreximbank for Fertilizer Plant, Media Say

Sputnik Africa

Angola Secures $1.3 Bln Loan From Afreximbank for Fertilizer Plant, Media SayThe plant, jointly developed by the Angolan OPAIA group—involved in various... 07.11.2025, Sputnik Africa

2025-11-07T20:31+0100

2025-11-07T20:31+0100

2025-11-07T20:44+0100

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Angola Secures $1.3 Bln Loan From Afreximbank for Fertilizer Plant, Media SayThe plant, jointly developed by the Angolan OPAIA group—involved in various sectors including civil construction services—and the state-owned natural gas company Sonagas, will reduce dependency on imports, a Western news outlet reported, citing Minister of Mineral Resources, Petroleum and Gas Diamantino Pedro Azevedo. The new urea and ammonia plant is expected to be built by 2027 and will reportedly supply Angola with 4,000 tonnes of product daily.Afreximbank was designated as the primary arranger for the fertilizer plant project, the bank announced last year.AI-generated imageSubscribe to @sputnik_africa Sputnik Africa | X

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