Chinese entrepreneurs increase investments in Angola

2 February 2017

Chinese entrepreneurs plan to invest in Angola in the educational, health and agro-industrial sectors in the coming years, announced the president of the Angola-China Chamber of Commerce (CAC), adding that investment contracts would be signed soon.

Arnaldo Calado said that the Chinese entrepreneurs are no focusing on those sectors considered critical to the development of the economy after previously focusing on the construction sector, trade and services.

During the Annual General Balance Assembly of the CAC, the adviser and coordinator in the Agriculture and Fisheries sector, Nelson Dias dos Santos, said that in 2017 some partnerships are scheduled to be established in the agricultural sector, according to Angolan news agency Angop.

“Chinese companies interested in investing in the agricultural sector to increase the amount of food have been identified, and there are also several indications by Angolan and Chinese companies interested in establishing partnerships to bring together synergies and develop projects,” he said.

The Angola-China Chamber of Commerce has 600 member companies, with 232 Chinese interested in investing in almost all sectors of economic activity in Angola and some of the Angolan companies want to invest in China.

The Annual General Meeting of the Angola-China Chamber of Commerce served to measure the performance of activities planned over the first ten months of its existence. (macauhub)