Ver Angola


Arab Bank assumes investment of more than one billion dollars in Angola

More than 1 billion dollars is how much the Arab Bank for Economic Investment in Africa (BADAE) plans to invest in Angola, said Mohamed Dialó, commercial director of the Investment Forum for Angola (FIPA), adding that this figure comes from the 20 billion dollars available for similar initiatives on the African continent.


According to Angop, the aforementioned investment, aimed at economic projects in the country, aims to boost the Angolan economy.

Speaking at the end of the first Angolan Investment Forum – which took place this Monday and Tuesday in the Special Economic Zone (ZEE) – the commercial director of FIPA, cited by Angop, referred that the country has enormous economic potential, and, for this reason, it wants to collaborate in different branches of the economy, but is waiting for signs to invest in crucial fields.

Investments in infrastructure and bank loans were indicated by Manuel Francisco Pedro, chairman of the Board of Directors of the ZEE, as some of the answers to the coming obstacles in the economic field.

Also quoted by Angop, the official also pointed out, as one of the tactics of the economic zone, positioning for the increase of exports and attracting more investors to the country, adding that to achieve this purpose, it will be necessary to find partners able to meet the needs obstacles imposed by the sector.

According to Manuel Francisco Pedro, the event also served to recognize the real failures to subsequently move on to the heading of financing agreements, writes Angop.

Furthermore, according to Angop, the official admitted that dialogue with BADEA is still relevant, given that it has a set of financial facilities that could help the country.

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