News24

Angola to buy Navy ships

2009-02-23 16:25

Luanda - Angolan President Jose Eduardo dos Santos plans to visit Germany this week, where he is expected to sign an $800m deal to buy three navy boats, local reports said on Monday.

He is set to leave on Friday and is expected to meet with German Chancellor Angela Merkel, the Catholic broadcaster Radio Ecclesia said.

The Luanda newspaper Novo Jornal said Dos Santos would sign a deal for $800m to buy three boats to patrol the country's 1 600km coastline.

Dos Santos, who has been in power for nearly 30 years, is also due to visit former colonial power Portugal in the coming weeks.

Despite a bloody liberation struggle in the 1970s, ties between the countries have now improved with a substantial Portuguese business presence here.

Lisbon increased its exports to Angola by 32% last year, while Angolan investment in the European country increased three-fold in 2008, mainly in the banking sector.

Angola is enjoying a new prosperity with the end in 2002 of three decades of civil war which devastated the country, displacing millions and killing hundreds of thousands.

The country now vies with Nigeria as Africa's top oil producer.