Angola seeks foreign investment at meeting held in Washington

19 June 2017

The Angolan government is committed to creating a good business environment in order to attract private investment, a necessary condition for the implementation of the economic diversification strategy, the Technical Unit for Private Investment (UTIP) said in a statement released in Luanda.

The statement said that the same idea was conveyed to participants at the US-Africa Business Summit, which took place from 13 to 16 of June in Washington, organised by the Corporate Council on Africa.

UTIP also reported that the Angolan representatives, in addition to publicising the investment opportunities that Angola offers, also presented what Angolan government institutions have been doing to support both local and foreign investors, namely by providing generous incentives to investors.

“It is a priority of the Angolan government to develop the productive and structuring sectors of the economy that were stagnant,” said the document quoted by Angolan news agency Angop. (macauhub)