Singaporean businesspeople look for business in Angola

27 July 2009

Luanda, Angola, 27 July – A group of Singaporean businesspeople are in Angola looking for business in the areas of agriculture, industry and services.

In an initial phase the 15 businesspeople want to set up partnerships with Angolan associates.

The mission’s participants were brought together by the Agência Nacional de Investimento Privado (ANIP – The National Agency for Private Investment) in order to find out about issues relating to tax, bank credit and sources of funding for overseas projects.

The Singaporean businesspeople represent the trade, industry, navel construction, engineering, consulting, telecommunications, oil and gas sectors.

The industrial sector includes the pharmaceutical industry, textiles and food products, particularly palm oil production.

Singapore has facilities for processing large quantities of refined palm oil in aluminium containers of one to 200 litres.

The head of the department for commercial promotion at the Angolan Chamber of Commerce and Industry, José Cardoso, said that there had been a strong uptake from Angolan businesspeople to the proposals from the Singaporeans and several cooperation agreements had already been signed. (macauhub)