Angola’s AIPEX approves investment proposals valued at US$400 million

15 October 2018

Angola’s Private Investment Support and Export Promotion Agency (AIPEX) since July has approved 42 investment proposals valued at more than US$400 million, according to state newspaper Jornal de Angola.


The AIPEX director, Lello Francisco told the newspaper that the “most comprehensive” of the approved proposals is an agricultural project for corn and soybean production in Malanje, worth US$30 million.


The operation consists of the production of gritz, a raw material for brewing, and may be operating within the next three years.


Francisco also noted another approved project to modernise Vidrul, in Luanda, where more than US$20 million is being used to replace existing furnaces and to produce glass containers for alcoholic beverages, soft drinks and other products.


The AIPEX director also mentioned a third large project, which represents an investment of US$50 million, to build an industrial unit in Bengo, specialised in the production of ceramic and glass containers for various uses.


Francisco, who manages AIPEX’s Proposal Evaluation, Research and Project Supervision area, gave assurances that the conditions for the start-up of these projects are “fully created” and, overall will create 3,000 new jobs. (macauhub)