27 February 2013

Angola: British Minister Advises On Private Investment in Angola

London — The British Foreign minister for Africa, Mark Simonds told the British businesspeople that Angola is "full of business to offer", so advised them to invest in the African country.

The British minister was speaking at the opening of an economic forum on Tuesday at the headquarters of Bank of America "Merrill Lynch", in London.

The event served to encourage exploration of the possibilities of triangular trade partnerships among Angola, the UK and Portugal.

He guaranteed political stability, peace and development prevailing in Angola, after long years of conflict.

According to diplomat, Angola has great economic potential and enough natural resources to become an important partner before the international community and the United Kingdom in particular.

The Angolan government has implemented policies to attract private investment in various sectors of its economy, with the review and modernisation of its standardisation framework, to ensure the efficiency and competitiveness at regional and international levels.

The event is also aimed mainly at sensitising the British entrepreneur to expand their investments in Angola, taking into account several business chances the African country offers in the fields such as mining, oil, agriculture, services and infrastructure developments, construction of roads, bridges, railways, electricity, water and sanitation.

The participants in the event have decided to hold another seminar of the kind between 10 and 11 April in Lisbon, Portugal.

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