Rome — The AnGOLAN Minister of Foreign Affairs, Georges Chikoti, on Monday in Rome invited the Italian entrepreneurs to invest in the country, as the government of Angola is implementing ranges of policies to attract private investment in different sectors of its economy.
Georges Chikoti, who is paying a three-day visit to Italy, said so during a meeting with the Italian business people on the premises of the local Ministry of Foreign Affairs.
According to him, the Angolan government revised and modernized the legal framework of investments, aiming to ensure its effectiveness and competitiveness at regional and international level.
The minister said that it was also approved the Law on Private Investment based on the most modern practices of the world, where the conditions for investments, guarantees of capital repatriation and procedures for establishing societies and partnerships are objective and clear.
On his turn, the Italian Foreign Affairs Minister, Giulio Terzi, said that Angola is a country economically with a particular meaning and important stakeholder in the energy safety of Italy, through the partnership between the Angolan and Italian Oil Companies of Sonangol and ENI, respectively.
In addition, the Italian minister said that with its political stability, Angola has recorded over the last years a growth estimated at 10.6 per cent.
On Monday, the Angolan official met with the chairman of ASSAFRICA and Mediterranean (Association for Development of Italian Companies in Africa, Mediterranean and Middle East, Fausto Aquino.
Georges ChiKoti is in Italy since Saturday.