# Innovo Group secures €415M infrastructure contract in Angola with UKEF backing

UK Export Finance has issued guarantees enabling Innovo Group to secure a €415 million contract to deliver 23 critical infrastructure projects in Benguela Province, Angola, including water supply, drainage, sanitation, roads, lighting and commercial infrastructure.

- Type: Contract
- Announced: 2023-12-06
- Where: Benguela Province (municipalities of Benguela, Baía Farta, Catumbela, Lobito), Angola
- Value: $450.0M (415.0M EUR)
- Jobs: 11,000
- Status: announced
- Products: water supply systems, storm drainage, sanitation infrastructure, roads, public lighting, commercial infrastructure
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Innovo](https://endata.com/companies/4193.md) (supplier)
- [Standard Chartered Bank](https://endata.com/companies/38845.md) (partner)
- [Government of Angola](https://endata.com/companies/53239.md) (customer)

## Sources

- [gov.uk](https://www.gov.uk/government/news/uk-firms-to-deliver-415-million-sustainable-development-scheme-in-coastal-angola), 2023-12-06: "The UK has issued loan guarantees which allow British exporter Innovo Group to secure a €415 million contract to deliver critical infrastructure projects in Benguela Province."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.