5 December 2012

Angola: Nation's Business Environment Competitive - ANIP

Luanda — The CEO of the National Private Investment Agency (ANIP), Maria Luisa Abrantes, Wednesday in Luanda said that the country currently offers a competitive businesses environment, which ensures a rise in investments, Angop learned.

The manager was speaking at the opening of the first ANIP Consultative Council, adding that the business environment the country is enjoying is reflected on reports drafted by international institutions that assess the performance of various states.

Maria Luisa Abrantes also said that in fact, the Angolan situation is better than the results that are presented in reports of the World Bank, where the African country stands in the position 172, out of a list of 184 states.

She stated that the statistics presented by such organisations as the World Bank have been damaging to the effort of mobilisation of private investments for the country. In its latest report of November this year, the World Bank said that Angola rose two points in

the "Doing Business" ranking which has to do with the quality of business environment, she explained.

Despite the rise, she added, the country remained below Sub-Saharan country's average, recording the worst standing among the members of the Southern Africa Development Community (SADC) and of the Portuguese Speaking Community (CPLP). The one-day meeting focused on mechanisms for prevention of tax evasion, timing for gathering of statistic data released by the World Bank that have an influence on the rating of the business environment in Angola.

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