China will provide Angola with US$249 million financing this year to support the implementation of a project titled National Broadband Network (Rede Nacional de Banda Larga – RNBL). The funding comes in the form of a concessional loan from Export-Import Bank of China, with arrangements confirmed on 11 January, Jornal de Angola reported. Chinese diplomat Gong Tao said after signing the contract for the project’s implementation that China will continue to support Angola in various development projects, with emphasis on the areas of telecommunications and digital transformation. Angolan Minister of Finance Vera Daves noted that further steps are now required regarding the adoption of specific agreements for the disbursement of the USD249 million for project implementation. Daves added that the disbursement of the financing is part of the government’s quota for the development of telecommunications infrastructures alongside expected significant participation from the Angolan private sector.