ANGOLA intends to enter into a new cycle of it’s economy. The fall in oil prices in the commodities markets is a unique opportunity for effective diversification of the economy. The Angolan Executive plans to achieve this by promoting national production through support to private investment.
The development of the productive industries is a maximum priority of the Angolan government, which is shown through the approval of specific programs to exit the economic crisis.
Private investment occupies a fundamental position in the strategy to diversify the national economy and for that reason the private investment policy contemplates generous fiscal incentives for private investments.
Special attention is given to attracting foreign investment to improve the business environment. The Executive has developed a comprehensive program of structural and legal reforms, which resulted in the simplification of the processes of setting up businesses in the country.
The portfolio of investments being analysed by this Technical Unit ascend to approximately USD 5 Billion in investment proposals.
This Technical Unit has seen an exponential increase in investment intentions for the productive sector, which has already reached the value of USD 5 Billion.
Prospective investors of such intentions seek internal and external partnerships for the implementation of the projects.
The Technical Unit facilitates the process of establishing partnerships and has established coordination mechanisms with other public bodies in order to facilitate the implementation process of investment projects.
Business opportunities in the Angolan market are vast and the Executive supports private investment initiatives, through tax incentives and massive investments in the development of economic and social infrastructure to support businesses and investors.
The Angolan government has focused its activities in the development of programs to foster domestic production to provide effective supply of the local market, which is very dependent on foreign imports, and encouraging domestic production for exports of other products out of the productive sector.