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Sat, 26 Mar 2016 06:44 - Updated Mon, 28 Mar 2016 11:21

Ministry of Industry signs Usd 18 million contracts

Luanda - An overall Usd 18.6 million contract for private investment projects in Angola was signed by the Ministry of Industry and private companies of the sector.

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Ministry of Industry signs investment contracts

Photo: Pedro Parente


The information was released Thursday in Luanda during the signing of the contracts between the Ministry of Industry’s Technical Unit for Support for Private Investment (UTAIP) and private companies of the sector.

According to the source, of the above amount, Usd 9.8 million, corresponding to 52,56 percent, are national investments.

The accords cover projects involving "Águas Nascente do Bié, Lda", "MSTR Comércio Geral e Transporte, Lda", "Purangol, Lda", "Ghion Alimentos, Lda" and "Civep Contraven Angola, S.A.", that will be implemented in the provinces of Luanda , Bié and Huambo.  

The projects involve the subsectors of food industry, beverages and tobacco, metallurgical industry of basic metallic products, as well textile and chemical products.

The implementation of the projects respond to the country’s new private investment policy under the National Development Plan for the 2013/2017 period and will create 279 new jobs, 239 for nationals.

Addressing the ceremony, the minister of Industry, Bernarda Martins, considered this to be the first contracts signed by her department, after the creation of the UTAIP, and pledged to continue signing investment accords with private companies interested to invest in Angola, thus creating a good investment environment in the country.

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