Angola’s ANIP signs another 23 private investment contracts

23 January 2014

Angola’s National Agency for Private Investment (ANIP) signed 23 contracts Wednesday in Luanda worth US$290 million with Angolan and foreign companies.

Most of the 23 investment projects are linked to the services, construction, industry and retail sectors.

The president of ANIP, Maria Luísa Abrantes, said that private investment in the country was important to the country, as it reduced unemployment and diversified the Angolan economy.

For ANIP, the agency’s president said, the challenge was to supervise all of these projects “as it is not enough just to announce their approval, we have to check to what extent they are being carried out under the terms of current legislation.”

Abrantes said that Luanda continued to be the focus of investors’ attention as it was the province with the largest number of consumers and infrastructure. (macauhub)