AIPEX signs first investments under contract scheme

Luanda – Private Investment and Export Promotion Agency (AIPEX) Wednesday signed the first private investment contracts under the arrangement included in the Private Investment Law at the end of 2021.

It covers projects carried out in any sector of activity, whose investment corresponds to the value in kwanzas equivalent to or greater than USD 10 million and which create, at least, 50 direct jobs for national citizens.

It also opens doors to the projects considered structuring, even if they do not involve an investment of 10 million dollars, but which directly employ more than 50 people.

Thus, in accordance with the Private Investment Law, AIPEX signed five contracts under this Regime, the first in the global amount of USD 446.7 million, which foresees the creation of 1,247 new jobs, of which 1,200 for nationals and 47 for foreigners.

The projects, whose processes were signed by the CEO of AIPEX António Henriques da Silva and the respective investors, linked to the branches of the manufacturing, petrochemical, commercialization and distribution of food goods.

To him, the Contract arrangement offers benefits both to investors and to the Angolan State, since it is a more flexible instrument that seeks to meet a set of advantages that, when gathered, create a predisposition for investors to establish themselves in Angola.

Henriques da silva said the overall value of that investment is still phased, pointing to the case of the first phase of mixed capital (Angola/Malta) applied to the Cabinda Refinery project, in the amount of USD 303.3 million, the process having been formalized in this event, with the signature of the respective contract.

Source: Angola Press News Agency

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