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Investing in port infrastructure in Angola

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Jean-Claude Bastos de Morais, the  founder and chairman of the Advisory Board for Quantum Global Group, talks about the Port de Caio project (POC), how it will benefit the surrounding community and Angola as a whole, and his involvement in it as a majority shareholder.

How long has the POC project been going on for?

The port has been under development for close to 10 years during which time the port concept was both expanded and altered to reflect current market realities. Initially, a group of promoters that included myself and other local Angolans were established to take on the crucial role of port promoter during the critical early development phases.  As the port concept developed, the state became involved in important discussions on legal and financing matters.

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Angola: Construction of Railway to New Airport Under Way

The works of installation of the new international airport in Luanda, started in 2007, located in the commune of Bom Jesus, municipality of Icolo e Bengo, Luanda, were inspected, Monday, by the head of State, José Eduardo dos Santos. In a two-hour visit, the Head of State, after his arrival at the site was briefed on the generality of what has been done and what remains to complete, by the minister of Transport, Augusto da Silva Tomas and of Urbanisation and Housing, José da Silva and also by the representative of China International Fund Limited, responsible for the works.

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Through Various Development Initiatives, GE is Having a Positive Impact on Angolans' Lives

Since 1958, GE has been operating in Angola where they have worked hard to expand their portfolio in the country. With the introduction of GE Transportation, the company delivered its first diesel locomotive to the Angolan Rail Company in 1967. Today, GE Angola employs more than 600 people across important economic sectors, which include oil and gas, power and water, rail transportation, energy and healthcare. GE is working closely with the Angolan government to help the country achieve the goals set out in the energy sector revitalisation programme known as Vision 2025. As a result of this relationship, Angola has had the opportunity to explore a wide range of opportunities, including innovative power generation techniques as well as modernising the transportation sector.

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Plane Power: How Software and Jet Engine Tech is Helping Angola Leapfrog into the Digital Age

Available capital isn't the only obstacle to economic growth in Sub-Saharan Africa. Another major hurdle is the lack of reliable electricity. In fact, large parts of the region have no power at all. This makes it hard for entrepreneurs to build businesses, create jobs and generate wealth. But things are changing. This week, Angola, Africa's third-largest economy, signed a deal with GE to supply the final 200 megawatts (MW) of power needed to meet the government's goal of installing 1 gigawatt (GW) of new power generation capacity by the end of 2018.

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