Angolan ambassador to China seeks to attract investors for mining concessions

17 September 2019

The Angolan ambassador to China, João dos Santos, on Monday in Beijing called for investment in mining in his country, as part of the presentation of new concessions.

The ambassador spoke on behalf of the Angolan minister of Mineral Resources and Oil, at the third technical presentation of the mining concessions of Kassala Kitungo, Camafuca-Camazambo, Tchitengo, Kassala Kitungo, Cácata and Lucunda, the tender for which will be launched on 7 October in Luanda.

“I hope this event will serve to improve your knowledge of and attraction to mining investment in Angola,” the ambassador told about 150 Chinese participants, according to the Angop news agency.

Santos stressed that the Angolan Government has been taking steps to improve the business environment in order to attract foreign investment for the exploration of natural resources, “which has increased the confidence of international investors in the Angolan market.”

With the improvement of the business environment, he added, the government intends to reduce dependence on oil, the main export product, by betting on other segments of economic activity, such as the exploration of other natural resources.

The technical presentation held in Beijing is the third in a series of five scheduled events – Luanda (27 August), Dubai (10 September), Beijing (16 September), London (20 September) and New York (30 September). (Macauhub)