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France to sign Angola deals on fence-mending trip

22nd May 2008

By: Reuters

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France will sign commercial deals with Angola when President Nicolas Sarkozy visits the African country on Friday in a trip aimed at soothing long-simmering tensions between the two nations, officials said on Wednesday.

One of the biggest deals will involve French electronics group Thales which is expected to sign a contract worth some 140 million euros to supply a secure telecommunications network for the Angolan government.

Bank Societe General is due to open $300 million of credit lines to finance trade between the two countries, while Total, which operates offshore oil fields in Angola, is expected to finance a school-building programme.

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Total said Chief Executive Christophe de Margerie would accompany Sarkozy in the trip.

A fourth deal involved Castel, which was expected to invest between 200-300 millions euros in breweries in Angola, the officials said, declining to be named ahead of the official unveiling of the projects.

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Beyond commercial accords, Sarkozy's visit was mainly aimed at normalising Franco-Angolan relations, soured in recent years by the so-called Angolagate scandal that involved arms sales to the war-torn African country in the 1990s.

Arms traders Pierre Falcone, a Frenchman, and Israeli national Arkady Gaydamak, are accused of paying a network of political contacts -- including a son of late President Francois MItterrand -- to favour their activities in the African country.

Sarkozy and Angolan President Eduardo Dos Santos will seek to "turn the page" on this scandal, a presidential source said.

The last French president to visit Angola was Jacques Chirac, in June 1998.

Sarkozy has made a number of visits to sub-Saharan countries since taking office last May, including a trip to South Africa in February.

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