Angola attracts more than US$4 billion dollars in investment in 2014

28 November 2014

Private investment agreed this year with the Angolan National Agency for Private Investment (ANIP) surpassed the target of US$4 billion set by the government, ANIP’s president said Thursday in Luanda.

Maria Luisa Abrantes said the amount of investment was satisfactory, “given that the country is in a phase of recovery and construction of new infrastructure.”

The president of ANIP was speaking after signing 15 new investment contracts with Angolan and foreign companies valued at US$112.5 million.

Abrantes said that ANIP did not only rely on large projects, but also micro, small and medium business projects that create jobs for the entire population, including the part of the population that does not have adequate training to work in large companies .

The new contracts signed Thursday include investments of more than US$1 million in the agro-industrial sector, services, construction and manufacturing. (macauhub/AO)