Angolan government approves US$7 billion in investments

28 January 2010

Luanda, Angola, 28 Jan – The Angolan government said Wednesday in Luanda it had approved 39 investment projects valued at a total of US$7 billion.

In a statement released after a Council of Ministers meeting, the government said that the investments were focused on the retail, real estate, telecommunications, energy and transport sectors.

Of that amount around 60 percent will be applied in the retail, real estate, hotels and communications sectors and the agri-food and agri-livestock sectors were the sectors to receive the fewest investment proposals.

The permanent commission for the Angolan Council of Ministers Wednesday also approved the financial Treasury programme for the first quarter of 2010, which is the main instrument to manage public financial resources, drawn up based on the general state budget.(macauhub)