Entrepreneurs invest US$40 million in Angolan industrial sector

12 May 2016

Since the beginning of the year, the Angolan Ministry of Industry has signed 13 investment contracts with domestic and foreign private entities with a combined value of US$40 million, said Wednesday in Luanda the minister of Industry.

Bernarda Martins said more projects were still under consideration by the Technical Unit to Support Private Investment, whose estimated investment is also US$40 million.

Noting that the contracts for these projects under consideration “should be signed soon,” the minister said the capital involved in the contracts already signed would be used in the construction industry, an area considered a priority in Angola, as well as the textile and clothing and the chemical industries.

The figures were disclosed by Martins at the end of the signing of eight new private investment contracts worth 16.9 million euros, 81 percent of which is of Angolan origin. (macauhub/AO)