More than 100 Chinese investment projects identified in Angola in 2016

8 November 2016

More than a hundred new investment projects have been identified in Angola from Chinese companies since the beginning of the year in various sectors of economic activity, said Monday in Luanda the Chinese ambassador to Angola.

Ambassador Cui Aimin, speaking at the opening of the Angola-China Investment Forum, said the Bank of China’s branch in Luanda will provide financial support to these projects as part of the cooperation developed between the two countries.

He said that despite temporary constraints that both Angola and China face due to a drop in the price of oil on the international market, there are good prospects for development.

This meeting between Angolan and Chinese entrepreneurs, resulting from existing bilateral economic cooperation between the two countries, aims to create an enabling environment for economic cooperation and combine business strategies to attract investment for projects that need funding.

The Minister of Fisheries of Angola pointed out that Chinese investment in the Angolan fisheries sector may improve in the near future on the basis of proposals submitted at this Investment Forum.

Victoria de Barros Neto said she expected this meeting would result in mutually beneficial partnership agreements that would increase Angolan production in the fishing and fish farming sectors and that would maximise job creation. (macauhub)