US to loan Angola $400 mln to build homes for poor

The United States will loan $400 million to help Angola build one million homes for the poor in the next five years, the US ambassador to Angola, Dan Mozena was cited as saying on Friday.

"Five weeks ago, the US sent two teams to promote a new credit line to Angola," Mozena was cited by Jornal de Angola as saying. Mozena said the US had also been in talks with Angola's central bank and the Finance Ministry to provide technical assistance to both these institutions, the state-owned newspaper reported. (Reuters)