Angola’s business climate favourable for investment

21 July 2011

Luanda, Angola, 21 July – The Angolan economy is showing, “clear signs of recovery,” and provides a “favourable climate for investment,” teh country’s Vice President, Fernando da Piedade Dias dos Santos said Wednesday in Luanda, cited by Angolan news agency Angop.

“Despite some slowdown seen due to the international financial crisis, the Angolan economy has shown clear signs of recovery and provides a favourable climate for investment,” said the vice president, who was speaking on behalf of the head of State, José Eduardo dos Santos, at the opening ceremony of the meeting of businesspeople for economic and trade cooperation between China and the Portuguese-speaking countries, which is due to be held until Thursday in Luanda.

The Angolan vice president noted the country’s stability since 2002, following the end of its armed conflict, which had made it possible to launch a wide-ranging “programme of rebuilding and growth,” and which was now focusing on diversification of the economy.

Referring to the measures adopted by the government, Fernando da Piedade noted the new investment law, which was recently approved and guarantees, “improved protection for private investment,” and stated the authorities’ interest in encouraging, “new partnerships,” to promote technology, knowledge and capital transfer, “to encourage competitiveness, as well as create employment and wealth.”

According to the vice president, the business meeting is proof of the importance that governments give to the need to continue with and consolidate cooperation, establish partnerships and promote trade relations between the Chinese people and those of the Portuguese-speaking nations.

The “important role” that Macau has played in increasing economic and cultural ties between China and the Portuguese-speaking countries, seen as “a gateway to several economic regions across teh globe,” was also noted by the Angolan vice president.

Fernando da Piedade also said that technological development was also a “complementary factor amongst the different countries,” and that he was convinced that the technical, financial and technological potential of Chinese companies could bolster the growth of the industrial sector in CPLP countries, which are in a “phase of transformation and technological innovation.” (macauhub)