Angola: Anip Assesses 177 Investment Proposals in 2013

At least 177 investment proposals, estimated at AKZ 444.2 billion were evaluated along this year of 2013 by the Angolan National Agency for Private Investment (ANIP).

This was said to Angop on Thursday in Catete locality in Luanda by the CEO of ANIP, Maria Luisa Abrantes, during the opening session of the second consultative council of the referred institution.

According to her, the major challenge and most important objective of ANIP managing board and its stuff is to evaluate annually investments proposal of around 400 Billion Kwanzas (USD 4 Millions) about two times more as compared to the investments amount in the year of 2012 and reduce the evaluation period established by law.

In the meeting, the official announced that the approved projects will generate 17.109 direct jobs.

She also revealed that the investment proposal for the reactivation of the iron mining of Kassala Kitungo in Kuanza Norte province, is under the evaluation phase due to lack of essential negotiations tools as it is comprised of more than one project, resulting from more than one investment contract.

The CEO also alerted that several investors are not residing on the addresses and locations provided in the contracts.

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