Angolan minister invites Belgian businesspeople to invest in Angola

22 October 2013

Angola’s economy minister, Abraão Gourgel, Monday in Luanda invited Belgian businesspeople to set up partnerships in Angola with a view to creating more jobs for Angolans.

At the Angola-Belgium Forum the minister said that, as well as creating jobs, the partnerships should provide the economy with increased levels of productivity and offer tax benefits to the State and business benefits to investors.

“We have potential, but we need resources for investment in large projects, as well as access to technology and large markets,” said the Economy Minister, according to Angolan news agency Angop.

During the meeting Gourgel noted Angola’s financial stability, “as a result of budgetary discipline and wide-ranging fiscal reforms that allow the government to execute the State Budget at a surplus and to control public debt, which is currently estimated at 30 percent of GDP.”

Noting that the rate of inflation had been consistently driven down since 2002 to less than 10 percent in 2012, the minister added that, “since 2011 that our forecast points to a return to growth despite the uncertainties still present in the world economy.” (macauhub)