Private investment in Angola reaches US$218 million from July to September

7 November 2014

The value of investments approved by Angola’s National Private Investment Agency (ANIP) between July and September totalled 21.6 billion kwanza (US$218.2 million), a year on year drop of 16.4 percent, according to an ANIP report.

The report ANIP, cited by Angolan newspaper Expansão, said that in the July to September 2013 period the value of approved investments reached 25.8 billion Kwanza (US$261 million).

The amount recorded this year does not include the investment contract with telecom operator Unitel, in the value of 191.4 billion kwanza (US$1.9 billion), which was subject to a special approval by the President of the Republic, José Eduardo dos Santos.

Of the 59 projects approved in the quarter, 53 were approved by ANIP, of which 47 had total investment of up to US$10 million, while the rest were approved by the President as total investment was over US$10 million, as in Unitel’s case.

On the origin of investments approved in the third quarter of this year, the report points to three distinct regions, namely Europe, Africa and Asia and highlights the investments originating in Europe for bringing together a total of 21 proposals, representing 35.59 percent of the total . (macauhub/AO)