AmCham-Angola and AIPEX launch guide to attract investment

13 June 2018

The Angolan American Chamber of Commerce (AmCham-Angola) and the Angolan Investment and Export Promotion Agency (AIPEX) on Tuesday in Luanda signed an agreement to attract American investors in the energy, transport, agriculture and agro-industrial sectors.

The agreement was signed by the chairman of the AIPEX board of directors, Licínio Contreiras, and the chief executive of the American Chamber of Commerce in Angola, Pedro Godinho Domingos.

One of the practical measures of the AmCham-Angola/AIPEX agreement will be to draw up an Investment Guide for Angola.

The guide will be distributed to over 3 million American companies, to the US and Angolan embassies, focusing on US investment in Angola.

The document will identify business areas and conditions, within the framework of the new Private Investment Law and the Competition Law.

Contreiras said at the signing ceremony that the Investment Guide for Angola will provide investors with information about the sectors that the country needs most.

“We are working on two programmes, one to promote and attract private investment, which aims to identify the countries where we have the greatest possibility of attracting private investment and that are able to support Angola, and another is the programme to promote exports and help companies that already export, but are facing difficulties,” he said.

AIPEX is an agency of the Indirect State Administration, which is intended to promote investments and exports, in order to foster and improve the potential and opportunities of Angola, as well as the competitiveness of national companies in their internationalisation processes.

AIPEX is the result of the merger of the Technical Unit for Private Investment (UTIP), the Agency for the Promotion of Investment and Exports of Angola (APIEX) and the Technical Units to Support to Private Investment (UTAIP). (macauhub)