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Angola calls for Chinese investment

Entrepreneurs look ahead to 2022 launch of extensive privatisation programme covering banking, agriculture, telecommunications and oil.

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Entrepreneurs look ahead to 2022 launch of extensive privatisation programme covering banking, agriculture, telecommunications and oil.

ARTICLE BY

PUBLISHED

READING TIME

Less than 1 minute Minutes

UPDATED: 22 Dec 2023, 4:42 am

Angola’s finance minister has called on over 100 businessmen from China to invest in the southern African republic, ensuring a climate of “friendship and strategic cooperation.”

During a virtual meeting with about 120 entrepreneurs, who were mostly Chinese, Finance Minister Vera Daves said Angola “will continue to invest daily” in relations with China.

“Relations between Angola and China have been mutually recognised as very positive for over two decades, in a climate of friendship and strategic cooperation in various areas, with emphasis on trade and finance,” Daves said.

The Chinese Ambassador to Angola, Gong Tao, reiterated China’s interest in continuing to cooperate economically with Angola and working with the country’s business community to attract potential investors.

Apart from the meeting with Chinese investors, and another previously held with Portuguese investors, Angola expects to hold other virtual meetings with entrepreneurs from the US, Spain, Germany and Britain by the end of the year.

Representatives of State oil company Sonangol and the Angolan Debt and Stock Exchange (Bodiva) also took part in the meeting, to present relevant information on the assets of the different sectors to be privatised by 2022, as well as the procedures in each privatisation process under the Propriv program, which involves more than 190 companies and assets in various sectors, including banking, agriculture, telecommunications and oil.

 

UPDATED: 22 Dec 2023, 4:42 am

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