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Angola AIPEX reports 286 private investment proposals

At least 286 private investment proposals have been registered on August 2018 – June 2020, said the Private Investment and Export Promotion Agency (AIPEX), adding that the initiative allows the creation of 19,190 jobs, amongst nationals and foreigners.

The data are contained in its (AIPEX) report released in June, delivered to ANGOP last Monday.

The source mentions, among the investment projects, the industry sector with 124), trade (71), service provision (55), agriculture (12) and civil construction (8).

Among the sectors, the industry is the area that expects to absorb the highest investment value, with more than US$1B, followed by civil construction (US$686M), agriculture (US$199M), trade (US$139M), health (US$131M), provision of services (US$99M), fisheries (US$82M) and hotel and tourism (US$30M).

Fifty-seven, of the total investment proposals, almost designed for all the country’s provinces, have already been implemented.

On the other hand, the 221 are being implemented, three still to be implemented and five have abandoned the process.

Also read: The creation of the “Investment Single Window” in Angola

The implementation of the 57 projects, estimated at US$909M,  has enabled the creation of 4,890 jobs, according to AIPEX report.

The report said that the projects being implemented (221) are estimated at more than US$1B, with those to be launched (3) worth US$10M.

The five projects that dropped out were estimated at US$33M.

The provinces that received the most proposals were those of Luanda with 226 investment proposals, Bengo (12), Benguela and Malange (9) each, which attracted the interest of the investors in the said period.

AIPEX is tasked with promoting exports, attract private investment, register investment proposals, institutional support and monitor the execution of investment projects and the expansion of Angolan companies.

Source: Angop

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