Polish companies will expand a university in Angola with KUKE’s support
Polish businesses compete more and more effectively for large contracts in African markets and are being able to offer a Turkey solutions for infrastructure projects.
The latest example of such success is the contract for the expansion of the Namibe University in Angola between the government and the Polish Quenda Group, which will be responsible for the implementation of the project as the general contractor. In order to execute the project, a consortium of Polish exporters has been established, with participation of Torhamer, a company from Gdynia, which will be supplying the equipment for the facilities. Given the involvement of Polish companies, the project is supported by KUKE – the official Export Credit Agency of Poland – through a comprehensive cover on the financing provided by the lenders [led by Standard Chartered bank].
Polish contractors will be responsible for the 3rd phase of the construction and equipment of Namibe University in Moçâmedes, Angola. Standard Chartered Bank is arranging a total term financing package of USD 73 million to the Government of Angola.
For Quenda Group, which focuses on infrastructure projects in Sub-Saharan Africa, it is already the third project implemented in Angola, showing that by bringing a combination of attractive offer, skills and competences and the financing, it is possible to compete for interesting projects.
At the same time, the expansion of the University of Namibe is our first project financed by a leading international bank, Standard Chartered, with support from KUKE.
Torhamer, a company from Gdynia, already present in Lithuania and South Africa is counting on further international contracts, also in Africa.