France, Angola sign business deals from oil to hotels

France and Angola on Friday signed business agreements covering a wide range of economic sectors from oil to hotels, which are potentially worth several hundred million dollars, French officials said.

At the head of a delegation of about 50 French company executives visiting the southern African country, President Francois Hollande hailed "a movement to increase and diversify" bilateral deals.

Hollande cited transport, tourism, the agro-food industry, water supply, renewable energy and urban development as sectors in which France sought to invest, outside the oil industry that dominates Angola's economy.