Head of State back home

Luanda – The President of the Republic, JoAPound o Lourenco, returned on Tuesday afternoon to the country, from Brazzaville (Republic of Congo), where he addressed Tuesday at the opening session of the 5th “Investing in Africa” Forum (FIA5).

Upon his arrival in Luanda, JoAPound o Lourenco received welcome greetings at 4 de Fevereiro International Airport, from the Vice President of the Republic, Bornito de Sousa, members of the Government and senior officials of his office.

The event, which is running until September 12, was co-organized by the governments of the Republic of Congo and China and the World Bank (WB).

Until the end of the forum, the President of the Republic is represented by the Minister of Economy and Planning, Manuel Neto da Costa, according to the source of the Press Secretariat of the Presidency of the Republic.

The FIA5 Forum aims to facilitate the sharing of experiences in mobilizing private sector investment, alongside public sector efforts to stimulate economic activity.

In his speech, the Head of State announced that Angola has created the necessary conditions for foreign investors to do their business in the country in a transparent and safe manner.

He also explained that his government decided to take practical and coherent action to adopt measures aimed at creating conditions of macroeconomic stability, which are essential for improving the business environment in the country.

To this end, Joao Lourenco said Angola is implementing an economic stabilization program with very encouraging results in fiscal consolidation, the reduction of the inflation rate and the gradual normalization of the foreign exchange market, among other indicators, which contribute to improving the performance of the national economy.

The Angolan statesman added that the Angolan market is open to private investment and offers advantages of its privileged geographical location (southern African region), fertile lands, water resources and other unexplored resources.

The FIA5 was established in 2015 as an international platform to promote multilateral cooperation and investment opportunities in Africa. It brings together various publical and private players from Africa and China each year, representatives of international and regional organizations, as well as development partners and group of refletion.

Visit to Qatar

Prior to traveling to Brazzaville, JoAPound o Lourenco paid a state visit to Qatar, where he met with his counterpart, Sheik Tamim Bin Hamad Al-Thani, and senior executives from local top companies, as well as officials of the Chamber of Commerce and Industry and the Business Association of that nation, rich in oil and natural gas.

During the 48-hour visit, the two states signed six agreements, namely “Reciprocal Promotion and Protection of Investments”, “Protocol for the Establishment of Political Consultation Mechanisms” and “Diplomatic and Special Passport Waiver Agreement”.

They also signed agreements on “Merchant Marine”, “Economic, Commercial and Technical Cooperation” and a “Memorandum of Understanding between the Qatar Port Management Company (Mwani) and the Angolan Port Maritime Institute (IMPA)”.

In the small emirate of the Persian Gulf, the President of the Republic also visited the National Museum and the Qatar Foundation, as well as one of the stadiums, which will host the 2022 World Cup, for which Angola is competing for qualification.

Source: Angola Press News Agency