Leaders of Angola-China Chamber of Commerce take office on 31 March

21 March 2016

The leaders of the new Angola-China Chamber of Commerce (CAC) will take office on 31 March, following the founding meeting held last week, said the chairman Manuel Arnaldo de Sousa Calado.

The president of the new chamber of commerce told Angolan news agency Angop that the CAC was intended to protect Chinese private investments in Angola and the partnership between businessmen from both countries to allow the economic diversification of Angola, creating new jobs and increasing Angolan exports to China.

The CAC’s strategic plan includes ambitious projects such as regular fairs in both countries.

The adviser of the Angola-China Chamber of Commerce, Francis Chen, gave assurances that many Chinese want to invest in agriculture, industry and other areas in Angola.

The new entity replaces the old Friendship Association of Angola-China Chamber of Trade, established in 1995. It is composed of a board of 27 Angolan and Chinese businessmen, whose first president Manuel Arnaldo de Sousa Calado, former president of Angolan state diamond company Endiama.

The President of the General Assembly is António Paulo Kassoma, who previously served as President of the National Assembly and Prime Minister. (macauhub/AO/CN)