The African Development Bank (ADB) will finance around EUR 85 million Development Project, Science and Angolan Technology, which includes the construction of a science park in Angola.
According to information released today by the Ministry of Finance of Angola, this project aims to contribute to the “diversification of the Angolan economy through the promotion of technological innovation,” but also by “improving productivity and competitiveness in the sector does not oil “.
It will cover the whole country,” especially “for the” construction and equipment of a science and technology park “as well as funding scholarships and research projects, implementation of promotional activities and strengthening the participation of women in scientific, technological and innovative activities.
The project, according to the Ministry of Finance provides benefit 155 researchers, inserted into 40 teams, of which 55 per cent women.
It will involve further developing skills in secondary education or support for the management of intellectual property.
The financing agreement was signed on Friday between the Ministry of Finance and the AfDB matches 100 million (EUR 94 million), where 90% of the budget will be financed by that financial institution, with a return of 10% of the Angolan government.
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