An Investment Observatory between Angola and Portugal has been created based on a memorandum of understanding signed Tuesday in Luanda by the Angolan and Portuguese ministers of the Economy, respectively, Abraão Gourgel and António Pires de Lima.
The observatory of Angolan investment in Portugal and Portuguese investment in Angola will monitor the behaviour of companies from both countries in order to help them better develop their business and prevent some errors that may occur.
One of the functions of the new institution is to follow the process of analysis of investment applications, to identify obstacles and select methods or instruments to overcome existing constraints.
The creation of the Observatory is part of the Angola/Portugal Business Forum which took place in Luanda to discuss joint investment, with the participation of at least 600 businesspeople from both countries.
More than 9,000 companies in Portugal currently export to Angola and about 2,000 Angolan companies have Portuguese investors. (macauhub/AO/PT)