11 °c
London
Wednesday, April 14, 2021
No Result
View All Result
FurtherAsia FurtherArabia FurtherBrazil FurtherRussia
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Angola improves business environment

FurtherAfrica by FurtherAfrica
January 4, 2019
in Africa, Angola, Government, Labour, Legislation, Tax
Reading Time: 2 mins read
1
Angola moves from 11th to position 5th in Africa hydropower ranking
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Angolan authorities continue to work to improve the country’s ranking in the “Doing Business” ranking, from 175th (2018) to 173rd (2019). To this end, legislative measures were taken last year in order to make the business environment attractive.

The new management paradigm, based on the approval of the Competition Law and the Private Investment Law, as well as speed of procedures, legalization of companies and low cost, has allowed advances in the World Bank ranking, although still “timid”.

In this list, made up of 190 economies, Angola ranked 175th in 2018 and improved its position compared to 2017 (182nd).

Despite this slight improvement in the ranking of the business environment, the country continues to lose, at Southern Africa Development Community (SADC) regional bloc level, to Namibia (107th), Botswana (86th) and South Africa (82nd). While in Portuguese Speaking Countries, it only surpasses Guinea-Bissau (175th).

According to Angolan economist Hernany Pena the moralization and credibility of the state have contributed to the improvement of the business environment, and the team of the President of the Republic, João Lourenço, is working in this direction.

At the level of legislative production, in addition to the approval of the new Private Investment Law, the Competition Law and the entry into force of the New Customs Tariff, the Government approved the visa exemption for citizens of 61 countries.

This exemption is intended for those who wish to develop tourism or business activity in Angola, and must present only proof of accommodation and means of subsistence, in the application for a tourist visa, which will be issued upon arrival in Luanda.

In the simplification component of the granting of this visa, covering 61 countries, including Portugal, Cabo Verde, São Tomé and Príncipe, Brazil and East-Timor, Presidential Decree 56/18, of 20 February, defines the need to present proof of hotel or accommodation reservation by citizen residing in Angola.

He also considers necessary the proof of means of subsistence and of updated International Card of Vaccination, besides ticket of round trip and passport with validity higher to six months.

The legal document ends the need for a letter of support, signed and recognized in Angola, in which the citizen residing in the country assumes responsibility and for invitation of visit of a foreigner, one of the biggest obstacles to the entry of tourists in the country.

Source:  Angop

Related

Tags: AngolaAngola President of the RepublicCompetition LawDoing business rankingHernany PenaJoão LourencoPrivate Investment LawsadcSouthern Africa Development Communitytourist visaWorld Bankанголаأنغولاアンゴラ安哥拉
ScanSendShare320Tweet200Share56Pin72Send
Previous Post

Ex-Credit Suisse bankers arrested on US charges over Mozambique loans

Next Post

Why Tanzania officials are in no hurry to finalise gas deals

FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Business tourism benefits from new measures in Angola
Aviation

Embraer aircrafts have become key for Kenya Airways

by Staff
April 14, 2021
South African investment opening previously closed markets in Mozambique
Mozambique

South African investment opening previously closed markets in Mozambique

by Staff
April 14, 2021
Census of Companies in Angola funded by the World Bank
Legal

Angola: Fees to be charged by the Data Protection Agency

by Duarte Marques da Cruz
April 14, 2021
Farming

Zimbabwe: Tobacco farmers earn US$9M in 3 days

by Staff
April 14, 2021
Egypt seizes Suez canal ship ‘Ever Given’ pending US$916M compensation
Logistics

Egypt seizes Suez canal ship ‘Ever Given’ pending US$916M compensation

by Staff
April 14, 2021
Next Post

Why Tanzania officials are in no hurry to finalise gas deals

Zimbabwe to set up special economic zones in Victoria Falls

Zimbabwe amends Microfinance Act

Coded emails used in Mozambique fraud case – indictment

Coded emails used in Mozambique fraud case - indictment

Comments 1

  1. Pingback: Angola improves business environmentMyLuso | MyLuso

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2021 AFSIC
2022 Indaba Mining

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
CrudeMix Africa TechGist Africa Farmers Review Africa
Botswana unplugged Financial Insights Zambia Africa Oil & Power
Harambee Africa Novafrica  

Subscribe to FurtherAfrica

Enter your email address to receive notifications of new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • OpenTalk
  • Understanding
  • Videos
  • Weekend
  • About

© 2021 FurtherMarkets

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?