Angolan investment agency receives 178 proposals in 12 months

23 September 2019

Angola’s Private Investment and Export Promotion Agency (Aipex) received 178 investment proposals worth US$1.6 billion in the period from August 2018 to 31 August 2019, the agency said in its August report.

The report also said that these investment proposals are for the construction (4), education (3), health (2), hospitality and tourism (3), fisheries (2), services (27), agriculture (10), trade (43) and industry (84) sectors.

Of the total investment proposals for almost all provinces in the country, 44 projects have already been implemented, 126 are under implementation, three are not yet implemented and five have been withdrawn, according to Aipex’s August statistical report.

The projects under execution (126) are valued at US$816 million, while the projects not yet executed (3) are estimated at US$10 million, with the five withdrawn projects at US$33 million.

Most of the projects were installed in Luanda (135), Bengo (10), Benguela (7) and Malanje (7) provinces.

Aipex was created under Presidential Decree No. 81/18 of 19 March 2018, following the merger of the Technical Unit for Private Investment (UTIP) and the Angolan Investment and Export Promotion Agency (Apiex). (Macauhub)