Angola’s ANIP approves over 600 non-oil private investment proposals

29 April 2010

Luanda, Angola, 29 April – The Angolan National Agency for Private Investment (ANIP) in 2009 approved 618 private investment proposals for sectors other than oil, the agency’s coordinator said Tuesday in Luanda.

According to Aguinaldo Jaime, the figure represented a rise of 30 percent against the proposals approved in 2008.

“This means that there is growing confidence in our economy and that campaigns to promote our country’s image outside are being well accepted, and that the Angolan brand is selling well,” noted Jaime speaking to Angolan news agency Angop Tuesday.

By 30 November 2009, ANIP had approved projects to a value of US$1.472 billion, exceeding the amount of US$1.105 billion for 2008, according to figures in an editorial published on the ANIP website.

“If we include the projects approved by the Council of Ministers, both new and expansion projects, we have until 30 November, an overall value of private non-oil investment of US$3.306 billion and projected creation of 27,000 jobs, of which 23,000 for Angolans and the remainder for foreigners,” the editorial said. (macauhub)

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