Angola plans this year to attract US$4 billion in foreign investment

25 March 2013

Angola’s National Agency for Private Investment (ANIP) has a target of attracting US$4 billion in foreign investment this year, the president of ANIP Maria Luísa Abrantes told Portuguese weekly newspaper Sol.

Abrantes, who was speaking on the sidelines of the “CEO Experience” conference organised in Luanda by the Expansão newspaper and by consultancy Accenture, said that ANIP’s strategy was to “diversify the origins of foreign investment in Angola,” and that this year it would focus on Singapore, Malaysia, Thailand, Poland, the Czech Republic and Hungary.

In 2012, the CPI approved investment projects valued at US$2.3 billion, which was a year on year rise of 60 percent.

Noting that Portuguese investment was “welcome” the president of ANIP noted that taking into consideration the current climate, “Portuguese investment capacity is limited” and added that Angola is interested in helping troubled Portuguese companies to work in Angola via a programme that provides special funding to foreign companies.

At the conference the ANIP president said that the minimum investment required for foreign companies to receive public benefits was US$1 million. (macauhub)