Angola’s private investment agency approved investment projects worth US$4.7 billion in 2013

6 February 2014

The value of investment contracts assessed and approved by Angolan private investment agency ANIP in 2013 totalled 461.1 billion kwanzas (US$4.7 billion), the agency’s chairman said.

Maria Luísa Abrantes, who was speaking at a ceremony to sign the investment contracts, said that the agency had assessed and approved, by November of last year, 177 proposals worth 433.3 billion kwanzas.

A further 23 proposals evaluated in December were only approved at the end of last week and totalled around 28 billion kwanzas. They included real estate project Muxima Plaza, which accounts for over half of December’s total approved investments.

In 2013 the agency approved investment of 20 percent more than its target for the year as set out in the 2013-2017 government plan, which included a figure of 390 billion kwanzas for 2013.

The projects approved last week, five of which were industrial, Abrantes said, would create over 10,000 jobs in a variety of sector such as construction, services and industry.

“The first area of investment is services, with eight projects but I am happy that there are five industrial projects and five commercial projects,” she said.

On 20 February ANIP is due to sign private investment contracts worth over 3 billion kwanzas (US$30 million). (macauhub)