Banco BIC Portugal advises Portuguese investment in agri-livestock sector in Angola

19 June 2009

Braga, Portugal, 19 June – The chief executive of Angolan-owned bank Banco PIC Portugal said Thursday in Braga that the Angolan agri-livestock sector “in which there is an enormous number of farms to be re-activated,” was one of the sectors in which Poruguese companies should invest.

Mira Amaral said that the farms to be re-activated had fertile land for production of cotton, maize or sugar and noted that “increasingly there are strategic partnerships that lead to Portuguese-Angolan companies.”

Banco BIC Portugal, which is majority-owned by Angolans, Thursday opened a branch in Braga as well as a business centre in which it invested 400,000 euros.

The opening was followed by a seminar about investment in Angola, organised by the bank and by the Portugal-Angola Chamber of Commerce and Industry.

The CEO also noted that the real estate, ceramics, education, construction, logistics, new technologies and health sectors as those in which the Portuguese had the skills and capacity to invest in Angola.

Banco BIC Portugal, which started operating in Portugal in May 2008, now has six branches in Portugal. (macauhub)