Businesspeople from China plan to invest in Angola

10 January 2019

Investors from China have US$10 billion to invest in industry, agriculture and scientific research in Angola, said on Wednesday in Lubango, Huíla province, the Chinese Embassy’s advisory minister Li Bin.

Speaking at the ceremony to open a photographic exhibition on the 36th anniversary of diplomatic relations between Angola and China, in the auditorium of Mandume University, the diplomat said that if the investments are made they could improve economic and social development in Angola.

Li Bin, who attended the ceremony on behalf of Chinese ambassador Cui Aimim stressed the importance of these investments in the process of recovery of the Angolan economy and restated China’s commitment to strengthening relations with Angola.

Cited by the Angop news agency, Li noted that in the last ten years Chinese companies have rebuilt 2,800 kilometres of railway line, 20,000 kilometres of roads and built more than 100,000 houses.

“Chinese investment in agriculture reaches only five billion dollars in Luanda province,” said the Chinese Embassy advisory minister. (macauhub)