Private contracts guarantee almost US$39 million investment in Angola

16 January 2015

A total of 12 investment contracts worth US$38.8 million were signed Thursday in Luanda by Angola’s National Private Investment Agency (ANIP).

Trade is the most popular investment area, followed by industry, agriculture, construction and services.

At the end of the session to sign the contracts, ANIP’s president, Maria Luisa Abrantes, noted investments made in the agricultural sector.

“It is in fact small, but we have two agricultural projects in the provinces [Huila and Namibe], and also found that there were three industrial units. It is therefore very little but is better than a few years ago, when focus was only on trade,” she said.

The set of contracts include an Angolan investment of US$13.2 million for a glass processing plant, located in Luanda, which will produce 160,000 cubic meters of glass per year to supply the domestic market.

Another investment from China, worth US$9.5 million will build a steel factory in the construction sector, while the two Angolan agricultural projects, worth US$8.3 million were a highlight of the remaining investments. (macauhub/AO/CN/PT)