The Southern African Development Bank (DBSA) is to lend Angola US$30mn for reconstruction projects. Bane Maleke, head of the New Partnership for Africa’s Development desk at the DBSA says the bank had agreed to provide the state-owned Savings and Credit Bank (BPC) in Angola with the funds for two infrastructure projects.

The details of the loan have yet to be finalised. “The money is likely to be made available next month, after the DBSA board’s approval,” says Maleke.

Angola needs external funds to rehabilitate the infrastructure in sectors such as water, power, housing and roads.

The country is still recovering from 27 years of civil war between the ruling MPLA and the rebel movement, Unita, which ended in 2002.