This post was originally published on this site.
UK businesses will earn £167m in contracts to support the construction and redevelopment of infrastructure in Angola, after UK Export Finance announced £655m of financing for four major projects, including the design and construction of a new international airport.
UKEF, the UK’s export credit agency, said the projects, which also cover road and electricity schemes, would create opportunities for British contractors and suppliers, strengthen economic ties between the UK and Angola, and help to secure jobs and economic growth in communities across Britain.
The agency said its financing would enable UK expertise, goods and services to play a central role in delivering infrastructure that supports Angola’s long-term economic development and connectivity.
Jonathan Reynolds, the business, innovation, science and trade secretary, said: “We’re backing British businesses to win big on the global stage, and UKEF’s support is helping showcase our expertise in infrastructure, engineering and construction.”
“From a new international airport to a major road, these projects will strengthen the UK-Angola partnership, helping to create jobs across the UK and deliver on our mission to drive growth in every postcode,” he said.
Tim Reid, chief executive of UKEF, said: “Angola is leading an ambitious national infrastructure programme, and we want British exporters to be front and centre bringing their expertise. These key infrastructure projects will improve transport links and electrification in the country while boosting UK business and supporting jobs.”
The Angola package follows other recent moves by the agency, which in May 2026 agreed a partnership with Finance for Forces to help veteran-led firms access working capital guarantees and export insurance, and in June 2025 launched new trade finance and insurance products aimed at smaller businesses trading overseas.
The four projects
UKEF is providing £371m to support the design and construction of Cabinda International Airport. The project is being delivered by the Innovo Group and will support 830 local jobs during construction, the agency said, with UK suppliers acting as sub-contractors to a UK-based project developer. A project notice published by UKEF on 7 August 2025 said approximately 90 UK suppliers were acting as sub-contractors to Innovo, with Standard Chartered as the agent bank.
A further £73m is being provided for the rehabilitation of the Camama-Viana Road, which UKEF said would provide significant relief from traffic congestion in Luanda province. The work, being carried out by MCA Group, includes stormwater drainage networks, pavement base construction and macro-drainage channel works, and is among Angola’s national infrastructure priorities, according to the agency.
In Uíge Province, UKEF has provided £93m of support for the construction of transmission lines, substations and supporting infrastructure. Delivered by Elecnor, the project will create 5,000 domestic connections and public lighting, advancing Angola’s national electrification plan while reducing reliance on diesel generators, the agency said.
The fourth deal provides £118m to fund a major electricity transmission line, also built by Elecnor. The high-voltage line will connect Belém do Dango in Huambo Province to Lomaum in Benguela Province, expanding Angola’s national power grid and facilitating the distribution of renewable energy, UKEF said.
More than £2bn since 2018
UKEF has supported projects in Angola spanning healthcare, power, water, agriculture and infrastructure since 2018, when it first backed schemes in the country. Taken together, the deals amount to well over £2bn in cumulative UKEF support, according to the agency, with what it described as significant benefits for UK exporters in construction, engineering and manufacturing.
By 2029, UKEF aims to back £10bn of finance in low- and middle-income countries, a target set out in its 2024-29 business plan, which also set a goal of supporting 1,000 SMEs a year.
The agency said the aim was to support sustainable infrastructure, clean growth and economic development in the countries that need it most, while securing export wins for British businesses.
