Angolan President calls for American investment

New York – The Angolan President, JoAPound o Lourenco, called on Monday in New York for American investment in the iron and steel industry.

The Angolan leader, who was addressing the opening of the US-Angola Business Forum, manifested particular interest in having the American investment in those two sectors in his country.

We have other minerals such as gold, copper and rare metals to be exploited, for which we invite the American investors, said the African leader.

Addressing an audience comprised by roughly 180 businesspeople, the Angolan President affirmed that his country is open to concessions and exploitation of the Benguela Railway Company (CFB).

The CFB is an important means to flow away minerals from neighbouring countries such as Zambia and Democratic Republic of Congo.

According to JoAPound o Lourenco, the interest of Angola in American investment is extended to public-private partnership and big projects to be conducted in the Build, Open and Transfer (BOT) manner.

In this specific aspect, said the Angolan Head of State, the country will soon carry out a public tender for the construction of Barra do Dande Port and its logistical system.

Several companies are also included in a package for the privatization of several companies of the oil sector, banking, insurance, industry and farms.

The US-Angola Business Forum is an initiative of the US Commerce Chamber in partnership with Amcham-Angola.

The forum is aimed at attracting investments to Angola, months after the country approved the new Law on Business Competition and Private Investment.

JoAPound o Lourenco is also set to meet with several Heads of State, with stress to Croatia, Kenya and the Cuban Council of State.

Source: Angola Press News Agency