Angola’s ANIP approves projects worth over US$1 billion in 2009

16 April 2010

Luanda, Angola, 16 April – The Angolan National Agency for Private Investment (ANIP) approved projects estimated at over US$1 billion in the first 11 months of 2009, Angolan news agency Angop reported Friday.

According to Angop, the coordinator of the ANIP Management Commission, Aguinaldo Jaime said in an editorial published on the agency’s website that between January and November of 2009, projects approved were worth US$1.472 billion.

In 2008 the value of projects in Angola was US$1.105 billion.

Jaime also said that if “projects approved by the Council of Ministers,” were taken into account, “both new ones and ones for expansions, we have, up to 30 November, an overall non-oil private investment of US$3.306 billion and a projection of creating 27,729 jobs, of which 23,042 for Angolans and 4,687 for foreigners.”

Since 2003 ANIP has been involved in the launch of over 1,124 projects representing over US$4 billion in investment capital. (macauhub)