Angola: Japanese turnover valued at USD 500 million

The turnover of Japanese companies operating in Angola has been around USD 500.000 per year, due to the export of vehicles and machinery to the country.

The information was provided Wednesday in Luanda by the ambassador of Japan to Angola, Hironori Sawada, who said that his country has imported oil from Angola.

The diplomat said so on the sidelines of the launch of the first submarine fiber optic cable called South Atlantic Cable System (SACS), which will connect Luanda (Angola) and Ceará state (Brazil).

The ambassador said that this turnover may increase with the investment that Angola has made in the construction of infrastructures, aiming for the economic growth and development of the country.

The diplomat was pleased with the launch of SACS and praised the initiative of the Angolan Executive in implementing the start-up of this project, which counts on the Japanese workforce and technology.

He added that Japan has been cooperating with Angola in different areas of knowledge such as agriculture, industry, education, health and transfer of knowledge and technology.

Source: Angop