Africa Monitor

Africa Monitor Intelligence

Angola: Reluctance to Omatapalo's Involvement in US Investment

Omatapalo's participation in the project for the implementation of five photovoltaic energy production plants in Angola is subject to reservations by the US Department of Commerce and Exim Bank, which is responsible for financing the undertaking – USD 2,000 million. The company's notorious or presumed connections with political power, making it “politically exposed”, constitute the main reason for reluctance. READ MORE