28 August 2014

Angola: ANIP Signs 12 Private Investment Contracts

Luanda — The National Agency for Private Investment (ANIP) Thursday in Luanda signed 12 contracts estimated at about USD 480 million (48 billion kwanzas) with local and foreign companies.

The accords were signed by statistics and patrimonial manager of ANIP, Luís Domingos.

While, the respective companies were represented by their members.

Luís Domingos told the press that according to economic indicators the non-oil sector has grown more in the past years.

He added that this trend still remain and the current levels close to 35% of projects directed to the agro-industrial sector.

"There is a clear trend that the industrial sector will lead attraction of investment as happened last year, followed by the construction sector," he added.

The official also said that the location of the projects depends on determining factors of attraction of investments.

Most investments are concentrated in Luanda, the home to about a third of the country's consumers.

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