Ver Angola

Economy

Angola is the third most attractive country to attract foreign investment

Angola is currently the third most attractive country in terms of attracting foreign investment in the sub-Saharan region, according to a study developed by an independent international organization. The conclusions indicate that the country is behind Nigeria and South Africa, which leads the ranking.

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Angola is currently the third most attractive country in terms of attracting foreign investment in the sub-Saharan region, the study, made to 600 respondents from various parts, aimed to understand the interest and requirements of investors to Africa.

António Henriques da Silva, president of the Agency for Private Investment and Export Promotion (AIPEX), acknowledged that the country still has to overcome a large number of weaknesses, but admitted that these findings should serve as a driver to improve governance and business environment, thus attracting more investment and resources that the country needs.

The official, cited by Jornal de Angola, considered that the country's current infrastructures are still far from what is expected and may be considered an obstacle to investment, but stressed that the potential of natural resources should be explored for the benefit of the country.

António Henriques da Silva, who was speaking during the webinar "Africa Free Trade Area and Corporate Governance", also took the opportunity to explain that the country was divided into four different investment zones to draw the attention of those who govern to the differences that still exist internally and that condition development.

University professor Naiole Cohen, who also participated in the webinar, pointed out the country's "good" governance indicators, admitting that this is an essential factor in attracting investment.

Lawyer Emanuela Vunge, who also attended the event, admitted that it is still necessary to understand that the creation of a good governance environment is not an exclusive task of the Government, challenging managers to achieve some goals that improve the business environment.

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