Message

The world economic and financial crisis, whose effects started being felt mainly at the end of 2008, has deeply affected the Angolan economy. Not surprisingly, the forecasts for 2009 indicate that the Angolan economy will grow at a rate around 1%, whereas, in 2007 and 2008, it grew at a rate of 23,5% and 15,6% respectively.

Despite this striking economic growth slowdown, the volume of private investment was higher in 2009 when compared with the figures of 2008. In fact, up to November 30th, the Angolan Agency for Private Investment (ANIP) has approved projects amounting to USD 1,472,312,000.00 whereas in 2008 its value reached 1,105,084,000.00 only. If one includes the projects approved by the Council of Ministers, both the new ones and those expanding existing projects, the volume of non-oil private investment reaches the amount of USD 3,306,551,010.00 which will allow, according to the forecasts, the creation of 27,729 jobs, being 23,042 for Angolans and 4,687 for expatriates.

The aforementioned figures clearly indicate that, despite the economic and financial crisis, the Angolan and foreign economic agents’ confidence in the potential and future of the Angolan economy has strengthened. Thus, ANIP responsibilities have increased in the collective and institutional ongoing effort in the quest for economic diversification and sustainable development.

In order to better fulfil the mission given by the Angolan Government, ANIP has made a serious effort by investing in information technology systems, so as to get closer to potential investors and handle, in a more efficient and diligent manner, the private investment applications. ANIP new web page, which has come into being today, is part of this effort. The ultimate goal is to bring in Angola more and better private investment.

 

 

Luanda, 5th of January of 2010