Japanese business owners travel to Angola to study investments

15 October 2007

Luanda, Angola, 15 Oct – A Japanese business mission made up of 50 businessmen has been in Angola since Saturday in order to find out more about the Angolan market and identify potential areas for investment.

For four days, the Japanese businessmen, who are in Angola at the invitation of the deputy prime minister, Aguinaldo Jaime, are to find out about the economic reality of the country, and meetings are scheduled with national business owners, governors and some economic sector officials.

Speaking to Angolan news agency Angop, the Angolan ambassador to Japan, Albino Malungo, said that the visit by the Japanese showed that the good performance of the Angolan economy had attracted investors from many parts of the world.

He added that 17 companies were represented in the delegation from the banking, heavy industry, agro-industry and oil sectors, such as Mitsubishi, Bank of Tokyo, Somitomo, amongst others, which could certainly help in the construction of infrastructures and other fields.

Japan’s ambassador to Angola, Susumu Shibata said that Angola and Japan had resources that could complement their economies, pointing to the energy potential of the African countries, particularly the oil in which Japan has so much interest. (macauhub)