On Thursday 18 July, Angola obtained the approval of a historic loan of 1.6 billion dollars (1 dollar is worth 872 kwanzas) from the American Export-Import Bank (EXIM) on Thursday 18 July.

EXIM plans to support the construction of 65 solar energy mini-grids in four provinces in southern Angola. The project also includes energy storage facilities that will power water collection, treatment, and purification systems. It will increase access to electricity and drinking water in several provinces of Angola, as well as promote the improvement of health, education and social well-being. Reta Jo Lewis explained that the approved transaction builds on EXIM Bank's recent historic work in Angola and advances the Biden-Harris administration's PGI initiative, a collaborative effort by US government agencies to support sustainable, clean, resilient, and inclusive development across the