LUANDA, Jan 29 – The African Export-Import Bank (Afreximbank) announced a $1.75 billion financing facility for Angola’s national oil company Sonangol, strengthening the state energy firm’s access to trade-linked funding.
In a statement published on its website on Wednesday, Afreximbank described the transaction as a syndicated receivables purchase facility. The structure is designed to provide liquidity while leveraging export-linked trade flows.
“The $1.75 billion facility is expected to enable Sonangol to meet its operating and capital needs by strengthening export-linked trade structures,” the bank said.
Sonangol plays a central role in Angola’s oil and gas sector, which remains the backbone of the country’s economy and public finances. The financing comes as Angola seeks to balance investment in upstream production with efforts to manage debt levels and stabilise fiscal accounts.
Trade-backed facilities have become an increasingly important funding tool for African energy producers, offering access to large-scale financing while mitigating risks for lenders through export receivables.
