Ver Angola

Economy

AIPEX received more than 300 private investment intentions in Angola

The latest balance sheet of the Private Investment and Export Promotion Agency (AIPEX) reveals that entrepreneurs have shown growing interest in investing in the country. According to AIPEX figures, between August 2018 and November this year more than 300 private investment initiatives were registered in Angola.

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The initiatives are valued at more than three billion dollars and aim to help diversify the national economy.

Lello Francisco, administrator of AIPEX, made it known that a large part of these investment initiatives have already been implemented. The rest are being executed, he added.

Cited by Angop, the responsible, who was speaking on the sidelines of the first conference on Trade and Industry between Angola and ECOWAS, indicated that national and foreign investors have shown greater interest in the areas of trade, industry, construction, agriculture and service provision.

In addition to these investments, Lello Francisco noted that the agency has created partnerships with chambers of commerce and industry in several countries, with the aim of attracting more investors to the country.

Lello Francisco also indicated that with the internationalization of some companies with Angolan stamp, national investors have been investing in other countries of the continent, especially South Africa.

The agency registered, until July this year, 286 private investment proposals. If these proposals were implemented in their entirety, more than 19 thousand jobs would be created.

AIPEX aims to help attract private investment, register investment proposals and execute investment projects and internationalization of national companies.

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