Angolan government approves private investment regulation

27 August 2015

The Angolan government approved on Wednesday the Regulation on Procedures for Private Investment, an instrument that should now be subject to presidential decree, indicates an official statement.

The regulation is an instrument that establishes the powers and operating mode of the state administrative bodies that play a role in facilitating and promoting private investment, explains the statement released after the Wednesday Council of Ministers meeting.

Also in this regard, a presidential decree was approved which closes the National Private Investment Agency (ANIP) and creates the Angolan Agency for Promotion of Investment and Exports (Apiex-Angola), approving the respective organic statutes.

The statement specifies that the new agency’s mission will be to promote and publicise the potentials, legal framework, environment and opportunities for business in the country. (Macauhub/AO)