Angolan businesspeople travel to Sao Tome and Principe Monday

1 March 2007

Luanda, Angola, 1 March – A delegation of businesspeople from Angola are due to travel to Sao Tome and Principe Monday for a four-day visit to meet with local businesspeople in order to set u potential partnerships, Angolan news agency Angop reported.

Angop cited the director for marketing and communication of the Angola Chamber of Commerce and Industry (CCIA), Avelino Miguel, as saying that nine companies would take part in the business mission, including Banco Africano de Investimentoss, Panec Lda, Cafangola and Chicoil.

The visit by Angolan businesspeople to Sao Tome and Principe is a part of a move by the governments of both countries to increase public and private investment by encouraging initiatives to set up partnerships between companies.

In order to do this, the Angolan government is to grant credit lines for Angolan companies to invest in Sao Tome and Principe. (macauhub)