Angola-China Investment Forum exceeds expectations

9 November 2016

The Angola-China Investment Forum, held Monday and Tuesday in Luanda exceeded the expectations of the organising committee and participants by bringing together about 1,500 Angolan and Chinese investors against an initial forecast of just 700, Angolan news agency Angop reported.

The event, which aimed to reflect on the implementation and acceleration of existing projects in Angola, as well as the signing of new contracts to attract more investments, brought together investors from the country’s 18 provinces, as well as some of the best companies in China.

The Chinese ambassador to Angola, Cui Aimin, said the event was an important initiative to implement the consensus reached between the two heads of state and deepen the Angola-China strategic partnership.

Cui Aimin reaffirmed the continued support of the Chinese government to companies operating in Angola in order to participate in the implementation of infrastructure projects such as roads, railways, and power grids through technology transfer and staff training.

Chinese investor Shangbiao Zhuang told the news agency he was satisfied with the contacts he had with Angolan businesspeople, stating that the good relations established between the participants at the forum will serve as a solid foundation for the business future of both countries.

In turn, the businesswoman from Cunene province, Ana Paula Mateus, made a positive assessment of the event and said the lack of funding for projects was the main difficulty that Cunene investors face.

With the completion of the Angola-China Investment Forum, held under the motto “An opportunity to accelerate the diversification of the economy,” Angola became the first country of the Community of Portuguese Speaking Countries (CPLP) to carry through on the spirit of private partnerships that the Chinese government proposed to African countries. (macauhub)