Angola receives investment proposals of US$30 billion in seven months

30 May 2016

Investment proposals received by the Technical Private Investment Unit (UTIP), a body set up seven months ago, so far total US$30 billion, the director general of UTIP announced recently.

Norberto Garcia recalled that the approved investments over seven months amounted to US$7.5 billion in projects for the agriculture, fisheries and industrial sectors.

The Director-General of UTIP was taking part in the Act of Accession of Cipro construction company to the Community of Exporting and Internationalised Angolan Companies (CEEIA), where he pledged to make efforts for members of this association to begin to export as soon as possible, especially to the regional market.

Garcia said that “continuing to import products is not the best way to build the country, because that is exporting currency, but rather we should seek to consolidate investments, giving credit to Angolan brands.”

The president of the CEEIA Augustine Capaia, said the association’s objectives were in line with UTIP, which brings together companies in order to promote and give credibility to Angola in international markets. (macauhub/AO)