Britain is backing £655 million ($886 million) of infrastructure financing in Angola, opening £167 million ($226 million) in export contracts for British businesses as the two countries deepen economic ties.

The financing from UK Export Finance, the UK government’s export credit agency, will support four projects spanning aviation, roads and electricity infrastructure. The deals are expected to create opportunities for British contractors, engineers and manufacturers while supporting Angola’s push to expand transport and power networks.

Four projects reshape Angola’s infrastructure

The largest commitment is £371 million ($502 million) for Cabinda International Airport, which will finance its design and construction. The project, being delivered by Innovo Group, is expected to support 830 local jobs during construction, with UK suppliers working as subcontractors to a UK-based project developer.

UKEF is also providing £73 million ($99 million) for road rehabilitation in Luanda province. The project, being built by MCA Group, includes drainage systems, pavement works and macro-drainage channels aimed at easing congestion and improving transport links.

In Uíge province, £93 million ($126 million) will finance electricity transmission lines, substations and related infrastructure. Delivered by Elecnor, the project will add 5,000 domestic connections and public lighting while supporting Angola’s electrification strategy and reducing reliance on diesel generators.

A separate £118 million ($159 million) UKEF-backed electricity project will connect Belém do Dango in Huambo province with Lomaum in Benguela province. The high-voltage transmission line is designed to strengthen Angola’s national grid and improve the distribution of renewable power.

UK exporters gain from Angola investment

The projects build on more than £2 billion ($2.7 billion) of cumulative UKEF support for Angola since 2018, covering healthcare, power, water, agriculture and transport infrastructure.

Jonathan Reynolds, the UK business and trade secretary, said the financing would help British companies compete internationally while creating jobs across the UK.

UKEF CEO Tim Reid said Angola’s infrastructure program presents opportunities for British exporters in engineering, construction and related industries.

The latest financing underscores Britain’s strategy of using export finance to expand trade with emerging markets while supporting infrastructure development overseas.

UKEF has set a target of backing £10 billion ($13.5 billion) of finance in low- and middle-income countries by 2029, with a focus on sustainable infrastructure, clean growth and economic development.