Brazil: Apex-Brasil presents Angolan business opportunities in Sao Paulo

22 July 2008

Sao Paulo, Brazil, 22 July – Brazilian export and investment promotion agency, APEX-Brasil, in August is due to organise a meeting in Sao Paulo to present the “Business Opportunities for Brazilian Products in the Angolan Market.”

During the meeting, which is due to be held on 12 August in Sao Paulo, Apex-Brasil will present to Brazilian businesspeople the possibilities of doing business in Angola for companies in the food and drink, construction, clothing, jewellery and industrial machinery sectors.

Maurício Manfre, project manager at Apex-Brasil, said that, “the trade figures could be much greater,” considering that, “the changes that have taken place over the last three years in Angola show a stable government that is open to investment.”

A study by Apex-Brasil shoed that, between 2004 and 2007, trade between Brazil and Angola rose 500 percent reaching over US$2 billion.

In the four-year period Brazil imported goods worth US$945 million and exported US$1.2 billion.

The president of the Association of Brazilian Businesspeople and Executives in Angola (Aebran), said last week that Brazilian investment in Angola totals US$4 billion.

Alberto Cury Esper Filho, who heads up Aebran, na association whose members total 30 Brazilian businesspeople, noted that, as well as Banco Nacional de Desenvolvimento Económico e Social (BNDES) having this year granted a credit line of US$1.75 billion for investments in Angola, the Programme for Export Funding (Proex) had also provided a further US$300 million, “which makes over US$2 billion.”

The president of Aebran said, however, that “there is at least double that amount in the fixed assets of the companies (…), which means there are around US$4 billion in Brazilian investments in big construction projects, clinics and even shopping centres.”

A report from the World Bank said that Angola is the African country with the greatest presence of Brazilian companies. (macauhub)