ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Tue, 14 Jul 2020 12:07 - Updated Tue, 14 Jul 2020 12:06

AIPEX reports 286 private investment proposals

Luanda - 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.

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

indústria consta das prioridades dos investimentos

Photo: Pedro Parente

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 USD 1 billion dollars, followed by civil construction (USD 686 million), agriculture (USD 199 million), trade (USD 139 million), health (USD 131 million), provision of services (USD 99 million), fisheries (USD 82 million) and hotel and tourism (USD 30 million). 

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. 

The implementation of the 57 projects, estimated at USD 909 million,  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 USD 1 billion, with those to be launched (3) worth USD 10 million.

The five projects that dropped out were estimated at USD 33 million. 

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. 

Tags Economy  

Read also
  • 09/07/2020 10:14:29

    Vera Daves encourages multilateral partnerships

    Luanda - The minister of Finance, Vera Daves, has considered fruitful the partnership between Angola and multilateral and bilateral institutions, within the framework of the reforms underway in the country to attract private investment.

  • 07/07/2020 14:20:13

    New Kwanza banknotes start circulating on July 30

    Luanda - Angola is to have as from July 30 a new series of banknotes (2020 series) made of polymer, which resembles to plastic, announced Tuesday the governor of the National Bank of Angola (BNA), José Lima Massano.

  • 07/07/2020 08:59:26

    Africell Global wins telecom operator license

    Luanda - Africell Global Holding Ltd won the public tender for the 4th unified global title for the provision of public electronic communications services in Angola, the Government announced on Monday.