Buyer's Credit for Exporting Textile Manufacturing Machinery
Supporting Japanese Exports of Textile Manufacturing Machinery

  • Area: Africa
  • Machinery and Equipment

JBIC signed a buyer's credit agreement with the Government of the Republic of Angola. The loan will provide the necessary funds for the purchase of necessary textile manufacturing machinery (made by Toyota Industries Corporation, Murata Machinery, Ltd., etc.) from Marubeni Corporation under the project implemented by the Angolan Ministry of Industry for rebuilding state-run textile manufacturing plants in Angola. The Angolan government is currently pushing ahead with post-war reconstruction following the end of the prolonged civil war, and rebuilding the textile industry, which relies on imports for the majority of its textile products, as a key government platform. The loan will also help the Japanese textile industry to maintain and improve its international competitiveness.

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