(Tiper Stock Exchange) – Made in Italy medical supplies and equipment in addition to staff training in three hospitals in Angola thanks to the funding of UniCredit (sole lender), to the insurance coverage of SACE and the contribution to the export of SIMEST.
It is a project – explains the note – whose financing of 222 million euro disbursed by UniCredit, guaranteed by SACE and with rate stabilization and interest contribution by SIMEST, it relates to three contracts signed by Vamed Health Projects Italy in relation to three new hospitals in the regions of Cabinda, Luena and Huambo, in Angola. The company is active in the hospital sector for the planning, construction, design, supply of medical systems and equipment for turnkey hospital projects, but also in personnel training and commissioning and start-up of the facilities.
More than half of the companies involved will be Italian and since last year SACE has organized 2 business matching initiatives with Vamed Health Projects Italy, Italian company active in the design, construction, supply of biomedical systems and equipment for turnkey hospital projects, involving around 60 Italian companies and facilitating 35 B2B meetings between the counterparty and manufacturers of medical equipment such as diagnostics, X-rays, laboratory and mechanical, electrical and hydraulic plant engineering, but also companies active in personnel training and commissioning and start-up of structures to increase the Italian content of the order. The company was founded in 2017 in Florence and together with Hospital Consulting based in Bagno di Ripoli is part of the Vamed Group, active in the hospital sector mainly in Europe, Asia, Africa, the Middle East and Latin America through branches located in 40 countries.
“We are very pleased to participate in the projects for the construction of three new hospitals with a view to improving the health conditions of a country like Angola which has already had a critical economic situation for some years, albeit improving – he declared Daniela Cataudella, Head of Political & Sovereign at SACE – And even more so because, working in synergy with UniCredit and SIMEST, we are alongside the Italian companies that will participate in the projects by transmitting know-how and quality products, distinctive features of Made in Italy.
“SIMEST’s intervention in support of this important loan – declares Carolina Lonetti, Chief Export Finance & Internationalization Officer of SIMEST – confirms our constant commitment to the competitiveness of Italian companies, in synergy with SACE and the banking system. The operation communicated today therefore assumes a double value: it supports the national productive fabric and contributes to the creation of strategic infrastructural works for the improvement of the economic and social conditions of a developing country such as Angola.
“The financing of these projects by UniCredit it is fully in line with the bank’s activity in support of Italian companies engaged abroad – he declared Francesca Beomonte, Global Head of Structured Trade & Export Finance of UniCredit -. Furthermore, considering that the projects aim at improving the medical-health offer serving densely populated geographical areas under development, there is full consistency with our UniCredit Unlocked plan, designed to provide customers with adequate tools and to support investment with positive social impact.”
Angola presents a improving risk profile. In fact, it is expected that its economy will return to significant growth starting this year, also thanks to the reforms that are leading to a consolidation of the public finances. The expected recovery and the support received from international financial institutions represent the main positive elements for the country’s economic-financial scenario, which benefited from an upgrade by the main rating agencies at the beginning of the year.
The International Monetary Fund has also recently confirmed the debt sustainability judgment in the light of the positive results of the periodic review, while the three-year program concluded positively in December 2021 with total disbursed funds of USD 4.5 billion.