Luanda: The Private Investment and Export Promotion Agency (AIPEX) has approved more than 600 private investment projects in the last five years, budgeted at more than 21 billion US dollars, AIPEX's chief executive officer Arlindo das Chagas Rangel has said.
According to Angola Press News Agency, Arlindo Rangel, in an interview with Jornal Economia e Finan§as, discussed the agency's overall balance and operational indicators. He stated that these initiatives are expected to generate over 125,000 jobs, with 35,986 direct jobs already created. Rangel explained that the impact on the labor market is realized progressively, following the schedule and implementation phases of each project.
He detailed that financial flows are sourced from countries such as China, Singapore, the United Arab Emirates, the United States of America, the United Kingdom, Italy, Poland, and Portugal, along with mixed partnerships involving both national and foreign investors.
Rangel highlighted the transformation within the institution, noting the shift from an administrative model to one focused on facilitation and close institutional monitoring. "The current focus is on reducing bureaucracy and accelerating the transition between the intention to invest and the effective execution of the project," he stated.
Rangel also praised the Private Investment Law, emphasizing its provision of legal certainty, predictability, and transparency to economic operators. He acknowledged that while the legal framework is crucial, it does not replace the practical need for continuous investment in basic infrastructure.
AIPEX's project portfolio reflects a shift towards economic diversification, with the manufacturing industry leading in investment attraction, particularly in food processing, pharmaceuticals, refining, and metallurgy. The Angolan Agency for Private Investment and Export Promotion is tasked with implementing government policies to attract private investment and promote exports, evaluating proposals, and ensuring successful project execution.
