Ver Angola

Economy

Less than a third of investment projects registered since 2018 have been implemented

The Angolan Private Investment and Export Promotion Agency (AIPEX) announced that of the 692 projects it registered in the last five years, only 211 were developed, budgeted at 1.7 billion dollars.

: Carlos Aguiar/Edicenter
Carlos Aguiar/Edicenter  

The information was provided by the president of the Board of Directors of AIPEX, Lello Francisco, pointing out the need to implement registered projects as one of the institution's main challenges.

The person in charge was speaking during the 11th edition of CaféCIPRA, which addressed the "Impact of Foreign Investment in the Productive Sector" and noted that the projects registered at the institution in the last five years are from different sectors of activity, mostly from the productive sector.

Lello Francisco recognized, however, the need to increase the implementation rate.

Regarding the topic of the forum, Lello Francisco said that there are producers in the national market with the capacity to expand their products and services in international markets, guaranteeing support and monitoring.

Promoting and attracting private investments from internal and external sources, ensuring the reception and monitoring of private investment proposals to be made in Angola and promoting the attraction of foreign direct investment for strategic sectors of the national economy are some of AIPEX's responsibilities.

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