Angola’s private investment agency expects investments of 100 billion kwanzas by the end of June

14 June 2012

Angola’s National Agency for Private Investment (ANIP) expects to attract investment totalling 100 billion kwanzas by the end of the first half of this year, the chair of the board of ANIP said Wednesday in Luanda.

Maria Luísa Abrantes said that in the last five months private investment totalled 80 billion kwanzas.

The investments sanctioned by ANIP are linked to the construction, agriculture, services, and hotel sectors.

Abrantes, who was speaking on the sidelines of an event to sign three private investment contracts worth over 984 million kwanzas, said that at the moment almost half of all contracts are signed by Angolan business owners.

The first contract was signed with South African company MIVAMI International Group, which plans to build a laboratory in Luanda. (macauhub)