Investment in Angola reaches US$650 million in 2006

22 January 2007

Luanda, Angola, 22 Jan – the level of investment in Angola reached US$650 million in 2006 and US$2.655 billion in 2005, the chief executive of the National Agency for Private Investment (ANIP), Ari Carvalho said in Luanda Friday.

According to Carvalho, who was speaking at an official session to launch a promotional campaign for Angola via the CNN television news channel, the project for rebuilding Luanda Bay, valued at US$2 billion, had a significant impact on the 2005 statistics, and this was why figures had been much lower in 2006.

Cited by Angolan news agency Angop, the ANIP chief executive said that the country’s manufacturing industry had received US$163 million, and light industry had received total investments of around US$85 million, which was followed by the transport sector with US$64 million.

Amongst the countries with investments in Angola, Portugal leads with an estimated total of US$177 million, followed by South Africa and the United States with US$68 million and US$23 million, respectively.

ANIP is a state organization created to promote and make private investment in Angola easier and less bureaucratic.

ANIP also provides technical and legal assistance, as well as carrying out market surveys for national and foreign investors in order to identify investment opportunities. (macauhub)