Japanese business mission in Angola to study investments

29 July 2010

Luanda, Angola, 29 July – The Japan Bank for International Cooperation (JBIC), one of the world’s biggest cooperation banks, plans, alongside the Angolan government, to study the possibility of providing funding to Japanese companies that plan to invest in Angola.

A statement from the Japanese embassy in Luanda said that a business delegation made up of some of Japan’s biggest companies had been in Luanda since Wednesday to study expanding their investments in the country.

The delegation includes representatives from companies such as Toyota, Sumitomo Corporation, Mitsubishi, Toyo Engineering Corporation, Sojitz Corporation, Marubeni Corporation and Itochu Corporation.

According to Angolahub news agency, the statement also noted that the mission planned to study “the possibility of transferring Japanese technologies to Angola.”

Japan is providing funding for Angola to refurbish the ports of Lobito and Namibe, as well as water infrastructures and the textile industry. (macauhub)