Angola has attractive framework for private investment

1 April 2009

Luanda, Angola, 1 April – The coordinator of the Commission for Restructuring of the National Agency for Private Investment (ANIP), Aguinaldo Jaime, Monday re-stated that Angola had a legal framework of incentives for private investment and a market with numerous business opportunities.

Speaking at the Angola-Netherlands Economic-Business Forum, Jaime also noted Angola’s macroeconomic and political stability as favourable factors for investment in the different areas of economic activity.

Jaime also told Dutch businesspeople about the “Single Business Office” (Guiché Único da Empresa), a service that makes it possible to set up a business in a single place, without having to access other government offices.

He said that Angola had a modern financial system and that despite the world economic and financial crisis, Angola had as yet not seen any bankruptcies and continued to post growth.

In his turn, Angola’s economy minister, Manuel Nunes Júnior said that Dutch exports to Angola had risen from 121 million euros in 2004 to 231.8 million euros in 2007.

According to the economy minister, food products (milk-based products and meat), machinery, mainly diggers and means of transport (vehicles and ships) are Angola’s main imports from the Netherlands.

Meanwhile, Angolan exports to the Netherlands are still essentially limited to crude oil.

Direct investment from the Netherlands in Angola has so far been relatively low, and in 2007 totalled 17 million euros. (macauhub)