Private Foreign Investment in Country Grows, ANIP Official

9 June 2011

Lisbon — Angola is among the five African countries with the highest level of private foreign investment, the others being South Africa, Egypt, Sudan and Nigeria.

This information comes from the co-ordinator of the restructuring commission for the National Private Investment Agency (ANIP), Aguinaldo Jaime, when delivering a lecture on Wednesday afternoon, in Lisbon, Portugal, on the subject “Promotion of investments from small and medium local enterprises”, at a conference of economic agents, in the ambit of the 46th Annual Assembly of the African Development Bank (AfDB).

Today, Angola shows political and economic stability, he said, and the Executive has a strategy to absorb the informal economy into the formal one, promote and stimulate the growth of small and medium enterprises, as a way to create jobs, aimed at reducing the unemployment rate in the country.

Currently, he explained, the main investors in Angola are nationals and from African countries with USD 527 million, followed by those from the American continent with USD 240 million and Asia with investments amounted at 110 million US dollars.

Angola is open and willing to receive more and more private investment and through ANIP it will favour whomever intends to make business partnerships in the country, provide consulting services and economic feasibility studies, to facilitate the process, emphasised Aguinaldo Jaime.

“ANIP is also committed to facilitating the training of economic agents and liberalisation of businesses for the diversification of the national economy, making it sustainable, and not depend only on the minerals economy, such as crude-oil or diamonds”, he assured.

Therefore, he said, for the diversification of the national economy, the Angolan Executive is committed to rehabilitating economic infrastructures, mainly roads and railways, as well as basic infrastructures in the sectors of water, electricity and telecommunications.

Aguinaldo Jaime appealed to businesspeople to invest in the country, reassuring that “Angola is a country with political, economic and financial stability, with several business opportunities and the executive is providing interesting incentives”.

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