Angola’s AIPEX approves projects valued at more than US$502 million
Tuesday, February 19, 2019
Angola’s AIPEX approves projects valued at more than US$502 million

Macauhub - Angola

Angola’s Investment and Export Promotion Agency (AIPEX) approved, from March to 31 December 2018, 71 investment projects valued at more than US$502 million, said the Chairman of the Board of Directors, LícínioContreiras.

The projects are focused on the agricultural and manufacturing sectors, and with their implementation, 7,000 jobs will be created.

The province of Luanda remains the most preferred by investors, followed by Bengo, Malanje, Benguela and Huíla, taking into account the population density, road , electricity, water and other infrastructure.

In general, the provinces on the coast of Angola benefit most from investments, but, according to the AIPEX chairman the aim is to spread investment to the eastern provinces.

Contreiras said the biggest foreign investments include those from China, followed by Europe and three from Africa.