Angola receives 55 investment projects from August 2018 to February 2020

20 March 2020

Fifty-five investment projects valued at US$909 million were implemented, in Angola, from August 2018 to February 2020, a period in which 262 investment intentions were registered in the amount of US$2.715 billion, according to figures from the Private Investment and Export Promotion Agency (Aipex).

The figures were disclosed in a press release issued on the occasion of the second anniversary of Aipex and are related to the period of validity of the current law on private investment.

The agency said in the document that, as a result of the investment carried out, 4,810 jobs were created and 199 proposals are in the implementation phase, in addition to three waiting for that process to start.

Of the investment intentions in that period US$1.332 billion are focused on industry and US$199 million on agriculture.

The most significant proposals came from South Africa, with investment intentions in the equivalent of US$664 million, China (US$184 million), France (US$36 million), the United States (US$32 million) and Germany (US$11 million).

Aipex is focused on attracting investment from abroad and promoting Angolan exports, as well as supporting the procedures of investment intentions, supervising the processes of implementation and establishing institutional liaison.

In the reference period, 840 visas were requested linked to investment projects underway, a service that relies on a Migration and Foreigners Service post set up within the agency.

Aipex’s operations made it possible to introduce an Electronic System for Private Investment Processing (SETIP), which allows for interaction between investors and the agency as part of an automated process, facilitating access to the investment proposals register 24 hours per day. (macauhub)