According to the financial director of the business group – a conglomerate of companies operating in the trade, industry and services sectors – more than 250 million dollars have already been invested in Angola in 20 years of activity.
Speaking to Lusa, on the second day of the 17th US-Africa Business Summit, which ends this Wednesday in Luanda, Eduardo Barbosa stated that the group is structuring three new projects, in which the aforementioned 220 million dollars should be invested over the next two years.
“The group is focused on the verticalization of its projects, we have three verticalization projects underway and more than R$220 million should be invested in the country over the next two years”, he said.
Regarding the summit, which brings together African and North American leaders and investors in the capital, the businessman considered it a great opportunity to bring foreign investors to see what Angola can offer and what the country's potential has.
“I believe that anyone who comes and sees other industries operating here must be impressed, and this forum is also there to demonstrate Angola’s potential,” he emphasized.
Barbosa also stated that the business environment in Angola is challenging, but, he noted, it has seen significant improvements when compared to what it was 10 years ago.
“Any place has difficulties, there are things to improve, but in the last 10 years the country has improved a lot and if it hadn’t improved we wouldn’t be making continuous investments in Angola. The environment still needs to improve, there is still a lot to be done, but a lot has been done in terms of infrastructure (…),” concluded the Naval Group’s financial director.
In March, President João Lourenço inaugurated Refitec – Fábrica de Óleos Alimentares, located in the Boavista area of Luanda, with the capacity to refine and process 500 tons of palm oil, soybean oil, sunflower oil and other vegetable fats per day, an investment by the Naval Group.
