NCCI keeps up impetus on Nam-Angola trade

THE Namibia Chamber of Commerce and Industry (NCCI) is once again urging the private sector to open up to the Angolan market.

This time, the overseer body of the private sector is arranging for Namibian businesses to take part in the Angola Investment Summit at the end of October. NCCI operations manager Charity Mwiya said this summit, to be hosted in Luanda from October 26 to 28, would be the first of its kind She said her organisation had already sent invitations to strategically selected sectors to invite them to participate.”This unique event jointly organised by Angola’s Private Agency for Investment (ANIP) and ITE Group Plc.will bring major international investors to Angola and promote new opportunities for investment to the country’s sectors of infrastructure, mining, fisheries, tourism, transport and agriculture,” said Mwiya.High profile business people and government leaders expect the meeting to feature presentations.They are expected to share essential knowledge on investment in Angola.Sessions will focus on themes based on the restructuring of Angola’s transport sector; benefits and obligations for foreign investment in Angola; Angolan legislation for diamond extraction; unexplored diamond reserves and concessions; developing projects and opportunities for foreign investment; legislative frame work within the country; opportunities for investment in tourism; case studies from international investors; opportunities for investment in agriculture and fisheries; and prospects for the natural gas sector.Local business leaders will have the opportunity to be presented with the new law of investment and incentive opportunities.Equally, the event is an opportunity for them to advance their industry profiles and what they have to offer to that market.Mwiya said: “The Chamber is convinced that the summit and concurrent showcase will provide a unique occasion for key business leaders to get together and discuss further economic opportunities with Angola.”In June, the NCCI held a meeting at which ANIP presented local business people with Angola’s Private Investment Law as well as an overview of the country’s economic performance since the peace process, and opportunities for investment.ANIP, a national private investment agency, provides investors with information, government procedures and legislation related to Foreign Investment in Angola.One of the prime tasks of the agency is the active promotion and selective targeting of foreign investment that might facilitate the reconstruction and economic social development of Angola.NCCI operations manager Charity Mwiya said this summit, to be hosted in Luanda from October 26 to 28, would be the first of its kind She said her organisation had already sent invitations to strategically selected sectors to invite them to participate.”This unique event jointly organised by Angola’s Private Agency for Investment (ANIP) and ITE Group Plc.will bring major international investors to Angola and promote new opportunities for investment to the country’s sectors of infrastructure, mining, fisheries, tourism, transport and agriculture,” said Mwiya.High profile business people and government leaders expect the meeting to feature presentations.They are expected to share essential knowledge on investment in Angola.Sessions will focus on themes based on the restructuring of Angola’s transport sector; benefits and obligations for foreign investment in Angola; Angolan legislation for diamond extraction; unexplored diamond reserves and concessions; developing projects and opportunities for foreign investment; legislative frame work within the country; opportunities for investment in tourism; case studies from international investors; opportunities for investment in agriculture and fisheries; and prospects for the natural gas sector.Local business leaders will have the opportunity to be presented with the new law of investment and incentive opportunities.Equally, the event is an opportunity for them to advance their industry profiles and what they have to offer to that market.Mwiya said: “The Chamber is convinced that the summit and concurrent showcase will provide a unique occasion for key business leaders to get together and discuss further economic opportunities with Angola.”In June, the NCCI held a meeting at which ANIP presented local business people with Angola’s Private Investment Law as well as an overview of the country’s economic performance since the peace process, and opportunities for investment.ANIP, a national private investment agency, provides investors with information, government procedures and legislation related to Foreign Investment in Angola.One of the prime tasks of the agency is the active promotion and selective targeting of foreign investment that might facilitate the reconstruction and economic social development of Angola.