Angola Calls for Chinese Investment


Angola’s finance minister has called on over 100 businessmen from China to invest in the African country, ensuring a climate of “friendship and strategic cooperation”.

During a virtual meeting with about 120 entrepreneurs, mostly Chinese, Finance Minister Vera Daves said Angola “will continue to invest daily” in relations with China, according to a press release by the Angolan Institute for State Asset and Holdings Management.

“Relations between Angola and China have been mutually recognized as very positive for over two decades, in a climate of friendship and strategic cooperation in various areas, with emphasis on trade and finance”, Daves said.

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Chinese Ambassador to Angola Gong Tao reiterated China’s interest in continuing to cooperate economically with Angola and working with the country’s business community to attract potential investors.

Apart from the meeting with Chinese investors and a previous one recently with Portuguese investors, Angola expects to hold other virtual meetings with entrepreneurs from the United States, Spain, Germany and Britain by the end of the year.

Representatives of State oil company Sonangol and the Angolan Debt and Stock Exchange (Bodiva) also participated in the meeting, to present relevant information on the assets of the different sectors to be privatized by 2022, as well as the procedures in each privatization process under the Propriv program, which involves more than 190 companies and assets in various sectors, including banking, agriculture, telecommunications and, oil.


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