Private investment rises in Angola this year

30 October 2009

Lisbon, Portugal, 30 Oct – Private investment in Angola in the first nine months of the year was higher than that in the same period of 2008, with the approval of 443 investment proposals, the chairman of the Angolan National Private Investment Agency speaking Thursday in Lisbon.

According to Aguinaldo Jaime ANIP approved investment projects worth over US$1.377 billion, in the period between January and 30 September, which represents a rise against the around US$1 billion in the same period of 2008.

In terms of the geographical origins of the investment, 40 percent of the total number of projects are Portuguese, or 179, with investment intentions of around US$209.45 million.

These figures reflect only the initiatives of investors registered with ANIP, which do not include oil and financial sector investments, which led the Angolan official to note that the Government’s policy of incentives for diversifying investments was resulting.

Manufacturing industry, with 36 percent of the total number of projects, construction, with 22 percent, and agriculture, with 27 percent, “are now the sectors that attract much of the private investment in Angola,” said Jaime, who was speaking at a seminar themed, “exporting and investing in Angola,” as part of the “Portugal Exporter” conference.

As well as Luanda, there are amongst the 443 projects dozens headed to other provinces, such as Malange, for example with 26 projects, Benguela, Cabinda and Lubango, amongst others. (macauhub)