Namibian business wanted in Angola

THE business community in Namibia and other countries should help in the reconstruction of Angola, following the return of peace and normalcy to the country which was torn by civil war, Angolan officials have said.

Angolan National Investment Promotion Agency (ANIP) Director Antonio Prata and UNIPREV chief investment officer Jose de Oliveira made presentations on Friday during a meeting in Windhoek to seek potential investors in Angola. The two said Angola needed the support of the business community in Namibia and other neighbouring countries to reconstruct its economy and physical infrastructure.They said the country, which recently attained peace following a ceasefire after a civil war that lasted for over two decades, was now ripe for investment and the business community should take advantage of that.Angola needed a lot of local and foreign investments to fully return to its path of national development, following the many years of retrogress as a result of the war that was waged between UNITA and the government military forces from 1975.The duo told a large group of Namibian businesspeople who attended the meeting that the economic environment in Angola was now conducive for investments, and people should not shun the country.They said the government had addressed the many impediments against sustainable development, especially the legal ones, by enacting flexible laws aimed at attracting more investments.”Angola has now become one of the preferred investment destinations as a result of the new situation in the country.From what it was a few years ago, the country is now conducive for sustainable investments and everyone should feel free to come and invest in our country,” Dr Prata said.Prata said the government had also come up with a priority list of areas in which foreign investors could stake their funds, and assured them of the safety of their money and property.According to him, some of the areas in which the foreign investors could put their money in were farming, the processing industry, fishing, roads and other construction projects, as well as health and education.The meeting was held under the auspices of the Namibia Chamber of Commerce and Industry.- NampaThe two said Angola needed the support of the business community in Namibia and other neighbouring countries to reconstruct its economy and physical infrastructure.They said the country, which recently attained peace following a ceasefire after a civil war that lasted for over two decades, was now ripe for investment and the business community should take advantage of that.Angola needed a lot of local and foreign investments to fully return to its path of national development, following the many years of retrogress as a result of the war that was waged between UNITA and the government military forces from 1975.The duo told a large group of Namibian businesspeople who attended the meeting that the economic environment in Angola was now conducive for investments, and people should not shun the country.They said the government had addressed the many impediments against sustainable development, especially the legal ones, by enacting flexible laws aimed at attracting more investments.”Angola has now become one of the preferred investment destinations as a result of the new situation in the country.From what it was a few years ago, the country is now conducive for sustainable investments and everyone should feel free to come and invest in our country,” Dr Prata said.Prata said the government had also come up with a priority list of areas in which foreign investors could stake their funds, and assured them of the safety of their money and property.According to him, some of the areas in which the foreign investors could put their money in were farming, the processing industry, fishing, roads and other construction projects, as well as health and education.The meeting was held under the auspices of the Namibia Chamber of Commerce and Industry.- Nampa