UK is No 2 investor in Angola

6 November 2009

Luanda, Angola, 6 Nov – Firms from the United Kingdom have to date invested US$ 8 billion in Angola to make it the second-largest overseas investor the African state, says Britain’s ambassador in Luanda, Pat Phillips.

Ambassador Phillips told state news agency Angop current levels of bilateral cooperation are “fantastic”, particularly in the sectors of oil, construction, transport, sport and mining.

“Great Britain helped Angola in its current development process, in the diversification of its economy and creation of more jobs,” added the UK diplomat.

Cooperation between Luanda and London extends to human development programs and the combat of poverty, noted Phillips, initiatives that have always been undertaken in partnership with British NGOs like Save the Children and the Halo Trust.

Britain’s Luanda ambassador said two-way cooperation shows signs of increasing in other areas especially transport and ports to relieve heavy freight bottlenecks in the port of Luanda.

Angola and the UK have excellent bilateral cooperation, political and diplomatic relations and have embassies in each other’s country. There is also a direct air link between Luanda and London. (macauhub)