Private investment in Angola reaches US$1.25 billion in first seven months of 2009

29 September 2009

Luanda, Angola, 29 Sept – Angola’s National Private Investment Agency (ANIP), between January and July of this year approved 268 investment proposals in the agriculture, manufacturing, construction, trade, health and education sectors, worth an estimated US$1.25 billion, the coordinator of ANIP‘s restructuring commission, Aguinaldo Jaime said Monday.

Jaime, who was speaking in Luanda at a talk on “The contribution of private investment to sustainable development – Anip’s role,” said that 56 percent of the investment amount was from Angolan businesspeople who had created 15,635 jobs.

“During the first semester of 2009, around 55 percent of the overall amount invested in the non-oil sector came from national investments. Compared to the same period of 2008, the figure represents growth of 11 percent. “Last year, national investment accounted for just 34 percent of total investment approved by Anip,” Jaime said.

The coordinator of Anip‘s national restructuring commission also said that the Angolan government did not plan for investments to be merely located on the coast, but across the entire country, from Cabinda to Cunene and, mainly, in the interior, in the provinces that were most affected by the country’s civil war, (macauhub)