In a strategic move to advance Angola’s water infrastructure, the African Trade and Investment Development Insurance (ATIDI) has enabled, on June 17, US$724 million in financing for the BITA Water Project.
This substantial insurance facility, deployed as a credit enhancement measure, will significantly de-risk investments and mobilise commercial capital for the project.
The BITA initiative, aimed at expanding potable water access in peri‑urban areas of Luanda, underscores ATIDI’s growing role as a financial enabler across the continent’s infrastructure landscape.
This infusion bolsters a syndicated loan structure backed by multiple development partners, including the World Bank’s $500 million guarantee and credit support from Bpifrance, demonstrating the power of blended finance.
The involvement of international lenders—coordinated by Standard Chartered, BNP Paribas, Banque Populaire, Société Générale, Credit Suisse—reflects the project’s global financing appeal. The convergence of such institutional support signifies confidence in Angola’s commitment to urban utility enhancement and climate resilience.
With ATIDI’s backing, the BITA Water Project is positioned to deliver potable water to over two million residents in Greater Luanda, marking a transformative leap in public health and socio-economic development.
Beyond immediate utility gains, the project sets a template for future infrastructure financing across Portuguese‑speaking Africa, highlighting the catalytic role of de‑risking instruments in unlocking private capital for sustainable growth.