Ver Angola


Government wants to launch guide for investors by year end

The Ministry of Economy and Planning wants to develop, by the end of 2020, a guide for investors, highlighting opportunities in the priority sectors identified by the Programme to Support Production, Diversification of Exports and Import Substitution (Prodesi).


"Specifically, a set of opportunities for investment in infrastructure will be identified, which could constitute public-private partnership projects, in the areas of electricity, water, transport, fisheries and logistical platforms," reads the Prodesi balance sheet report, presented this Monday in Luanda.

The "lack of clear and precise information on the creation of a company", and all the issues inherent to each sector, as well as the intention to disclose investment opportunities in Angola and the "fragility of existing infrastructures, justifies the existence of a document with all the supporting information", says the document.

The Ministry of Economy and Planning also considers that the country "should continue to invest" in the improvement of the business environment, in the areas of business creation, payment of taxes, among others, pointing out several initiatives in this scope and reforms promoted between 2019 and 2020.

The study states that during this period the internal reorganisation of the Unique Window for Entrepreneurs took place, the commercial licence for low-risk activities and the requirement to register statistics in the process of opening companies were eliminated.

In the field of property registration, the ministerial body points out that a new platform called SIRP (Integrated Land Registry Service) has been implemented in the land registry offices and obtaining the land certificate online and approved the new land registry fee schedule.

The inauguration of the courtroom specialized in commercial, industrial and intellectual property matters in the province of Luanda is also included in the actions aimed at improving the business environment in Angola.

The institutionalization of the National Committee for Foreign Trade Facilitation is another of the measures.

According to the Angolan authorities, the access to electricity component, an area that for many entrepreneurs "still makes production costs more expensive", has also benefited from "advances" in the last two years.

According to the Prodesi report, "the procedures and times for obtaining an electricity connection have been improved, the costs for obtaining a new connection to the electricity grid have been reduced," among others.

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