More private investment contracts signed in Angola

16 April 2013

Eleven new private investment contracts, worth US$35.5 million, were signed Monday in Luanda by the National Private Investment Agency (ANIP) and by national and foreign investors.

According to Angolan news agency Angop the investments will be made in trade, construction and services.

The only investment project linked to the trading sector is for the retail and wholesale of building materials and carried out by Red Sea Angola.

At the end of a session to sign the contracts, the president of ANIP, Maria Luísa Abrantes, said that these contracts were another step towards diversifying economic activities in Angola and the sources of its investors.

ANIP, which was set up in 2003, is the government body responsible for carrying out national policy on private investment, its promotion, coordination, and supervision. (macauhub)