February 17, 2011

Private investment reaches $U.S.3 billion

Angola recorded a private investment of over USD 3.0 billion in 2010, the president of the Restructuring Commission of the National Agency for Private Investment (ANIP), Aguinaldo Jaime, has revealed. According to him, the above mentioned performance earned Angola being named by the United Nations Conference on Trade and Development (UNCTAD) as one of the most successful in attracting private investment. The ANIP official said UNCTAD grouped the countries in clusters of six and Angola came first, pairing with Egypt, Nigeria, South Africa and Sudan. He stated that the countries mentioned were referred to as having been capable of attracting private investment in amounts higher than USD 3.0 billion. This, the source said, applies to investment in non-oil sectors alone, adding that the figure would be far higher if the mineral sector of the country were also included. On the other hand, he added that investment in non-oil sector rose to USD 2.3 billion in 2010, against 1.8 billion of 2009, which means that the non-oil sector grew 32 percent in 2010, as compared with the previous year. Aguinaldo Jaime put at USD 4.6 billion the total reinvestment made in 2010. (ANGOP)

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