18 June 2014

Angola: Anip Signs Investment Contracts Worth U.S $100 Million

Luanda — Seventeen investment contracts estimated at Usd 103. 8 million were signed Wednesday in Luanda by the National Agency of Private Investments (ANIP).

The contracts cover the sectors of industry, commerce, civil construction and services.

The deals were signed by the ANIP chairperson Maria Luísa Abrantes, and local and foreign investors.

According to Maria Luísa Abrantes, the business people will invest in the areas of services in the oil and gas industry, cleaning and collection of ferrous metals, production and distribution of spirits and manufacture of plastic materials.

According to the official, the amounts involved in the deals are still far from satisfying ANIP and the Angolan Government.

She considered that the industry sector continues leading or attracting more investors in the last three months this year, followed by those of services and trade.

The ANIP chairperson regretted the fact that very few investment contracts are being signed in the agricultural sector.

It is estimated that the contracts signed yield about 1,277 new direct jobs, thus contributing to the reduction of unemployment in the country.

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