Japanese mission in Angola in search of business opportunities

30 August 2010

Luanda, Angola, 30 Aug – Japan’s Secretary of State for Foreign Affairs, Osamu Fujimura, said Sunday in Luanda that a visit by a public-private delegation from Japan aimed to find new areas in which to invest in Angola.

“As well as promoting economic relations between Japan and Angola, we are also seeking new areas for investment and to contribute to improving the many infrastructures that can promote Angola’s growth,” he said.

Fujimura, who met with the secretary of State for Cooperation, Exalgina Gambôa, is leading a multi-sector delegation from his country made up of the deputy economy , trade and industry Minister, Chiak Takahashi, and by over 50 representatives of Japan’s most important companies.

The schedule for the three-day visit includes a visit to the Viana industrial hub, signing a contract for execution of the modernisation of the professional training centre for the construction sector, as well as taking part in a forum on business and investment opportunities in Angola, amongst other activities.

At the end of July, another business delegation made up of Japan’s biggest companies visited Angola to study expansion of their investments in the country.

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

At the time, the Japanese embassy in Angola said that 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.

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