Tue, 18 Aug 2015 10:48 - Updated Tue, 18 Aug 2015 10:48
Private investment in Angola to be faster
Luanda - Private investment in Angola will be faster with the new Private Investment Law, adopted on 11 August (Law 14/15), said on Monday here the Minister of Economy, Abrahão Gourgel.
Send by email
To share this news by email, fill out the information below and click Send
To report errors in the texts of articles published, fill out the information below and click Send
Minister of Economy - Abrahão Gourgel
Photo: Rosário dos Santos
The minister, who was speaking about the new law at the seminar on "Private Investment", said the role of the National Private Investment Agency (ANIP) will be transferred to the ministries and this will provide greater speed of private investment, because it will be the ministerial departments to deal directly with investors.
The previous law, according to the minister, enabled Angola to attract a greater volume of investment, but the country faced difficulties with respect to higher capturing of qualified investment.
He went on saying that the country was not successful as expected with the former law, through the attraction of many investments.
According to him, the new law sought to eliminate bureaucratic procedures and barriers to private investment as well as regulate the repatriation of capitals.
He justified in this context that many investors repatriated capitals even before investment returns.
The new Private Investment Law prioritizes joint ventures s with the private sector and provides a definition of Angolan company.
The event was held under a joint initiative of the Civil Office of the Angolan President, Ministry of Economy and the Secretariat of the Cabinet Council.
Tags Província » Luanda
- 06/02/2019 17:37:38
Luanda - French Entrepreneurs have expressed availability to invest in the public transport system to improve road transport in the Angolan capital, Luanda.
- 28/11/2018 10:56:22
Luanda - Angolan minister of Fisheries Vitória de Barros Neto Monday in Nairobi, Kenya, highlighted the contribution of the oil, fishing and maritime industries to the growth of the Angolan economy.
- 12/11/2018 15:23:02
Luanda - Nineteen million eggs are expected to be produced by the state-run Integrated Agricultural and Regional Development Project of Quiminha by the yearend, local manager Hermenegildo Vieira Dias has said.
- 29/08/2018 08:45:48
Luanda - Japan manifested last Tuesday, in Luanda, its availability to provide to Angola its modern technology used in agriculture, with the aim of helping Angola to develop its agricultural sector, disclosed the chairman of the Angola/Japan Parliamentary Committee of Friendship, Yoshitaka Sakuranda.