Diplomat wants investments in natural resources

Luanda – The permanent representative of Angola at the United Nations Offices in Geneva, Margarida Izata, Tuesday in the city of Switzerland called on businessmen to invest in the abundant natural resources, such as minerals, forestry, fishing, arable land and in the country’s water and tourism potential, with a view to economic diversification.

The diplomat, speaking at a ministerial roundtable of the Group of African, Caribbean and Pacific (ACP) countries on investment, held on the sidelines of the World Investment Forum, which will take place from 22-26 March in Geneva, recalled that Angola is Sub-Saharan Africa’s third largest economy in terms of GDP, taking into account the diversity of its natural resources.

During her speech, Margarita Izata said that the Angolan government has launched a broad and ambitious reform program aimed at stabilizing macroeconomic policies, creating a climate of sound investment and anti-corruption.

She also recalled that the Government has approved and is implementing, among other legislative initiatives, the National Development Plan, the Program to Support National Production, Export Promotion and Import Substitution (PRODESI), the Private Investment Law, and the Competition Law, which appears for the first time in the country, to prevent situations of monopoly or abuse of dominant positions.

Source: Angola Press News Agency