Portugal and Angola Deepen Ties with 23 New Agreements and €1.25 Billion Credit Boost

Luanda, Angola – Portugal and Angola have significantly strengthened their bilateral relations with the signing of 23 new cooperation instruments and the expansion of a credit line by an additional €1.25 billion. The agreements were formalized during Portuguese Prime Minister Luís Montenegro's visit to Luanda, where he is attending the 7th African Union-European Union (AU-EU) Summit, scheduled for November 24-25, 2025.

Enhanced Economic and Strategic Partnership

Prime Minister Montenegro arrived in Luanda on Sunday, November 23, 2025, to participate in the high-level summit and engage in bilateral discussions. During his visit, he emphasized the deepening relationship between Portugal and Angola, highlighting the signing of the 23 cooperation instruments. These agreements are set to bolster collaboration across various sectors, reflecting a commitment to mutual development and economic diversification.

Significant Credit Line Expansion

A key outcome of the visit is the expansion of the existing credit line, which has been increased by €1.25 billion. This additional funding brings the total credit line available for Portuguese companies investing in Angola to €3.25 billion. The credit line, managed through the Development Bank, is intended to support a wide range of projects, particularly in critical areas such as:

• Infrastructure development
• Energy
• Education
• Health
• Agriculture and Tourism

This financial boost aims to facilitate the involvement of Portuguese companies in Angola's development, fostering economic growth and creating employment opportunities in both nations.

Focus on Human Capital and Bilateral Dialogue

Beyond financial and economic agreements, the cooperation instruments also underscore a commitment to human capital development. Prime Minister Montenegro stressed the importance of strengthening professional training mechanisms to qualify personnel in both Angola and Portugal. This initiative seeks to equip Angolan workers with essential skills for local integration and potential opportunities in Portugal.

The visit also included a scheduled meeting between Prime Minister Montenegro and Angolan President João Lourenço, further solidifying the diplomatic ties between the two Lusophone countries. The ongoing dialogue and strategic partnership are crucial as both nations navigate global challenges and pursue sustainable development goals.