Angola aims to attract more foreign investment

4 March 2013

Angola’s National Agency for Private Investment (ANIP) plans this year to intensify its programme to attract investment, especially foreign investment, said the head of the institution, Maria Luísa Abrantes.

Cited by Angolan news agency Angop, the ANIP president said the decision had already resulted in many foreign entrepreneurs’ manifesting their intention to invest in various parts of the country.

“And when I talk about intention I mean proposals, some already approved, which only need to be implemented,” Abrantes said, adding that the main concern of foreign entrepreneurs was the country’s eventual economic and political instability.

Similar to what is being done in Angola, ANIP has also scheduled meetings with entrepreneurs abroad, where it should present the Angolan law governing private investment, advantages and options or potential investment areas, the specific nature of the Angolan market and the characteristics of each province, Abrantes explained.

Regarding complaints about excess bureaucracy, she said that ANIP has been very flexible and that it has never received a complaint from any entrepreneur interested in investing in Angola. (macauhub)