President of ANIP says that Angola has a competitive business climate

6 December 2012

The business climate in Angola is competitive, leading to an increase in investment, the president of the National Private Investment Agency (ANIP), Maria Luísa Abrantes said Wednesday in Luanda.

At the opening session of the 1st Consultation Council of ANIP, Abrantes noted that the improvement in the country’s business climate had yet to be reflected in reports from international institutions that compare the business climate of different countries.

In practical terms, she said, Angola was doing much better than the results presented in the World Bank’s Doing Business Ranking, in which the country was placed 172nd out of 184 nations.

Cited by Angolan news agency Angop, the president of ANIP proposed that national institutions that collect, process and publish statistical information work more closely with international institutions that draw up similar reports.

In the World Bank’s Doing Business report published in November, Angola rose two places, but remained below the average for sub-Saharan Africa, and was the lowest-ranked member of the Southern Africa development Community (SADC) and the Community of Portuguese-Speaking Countries (CPLP). (macauhub)