From iOL

The World Bank would offer $1 billion (R10.3bn) in financing to help Angola rebuild infrastructure and develop its agriculture, an official at the lender said on Monday. Oil exports have helped Angola’s economy grow rapidly since its civil war ended in 2002, but it must still repair infrastructure and expand other sectors of the economy. “We can make available $1bn, fundamentally to finance infrastructure and agriculture,” Gregor Binkert, the World Bank’s country director for Angola and five other African nations, said. “There is much need and the government has quite a coherent programme, so the World Bank will support it financially.”

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