Angola Industry Signs Investment Deals of More Than Usd 14 Million

photo by:FurtherAfrica.com

Luanda — Three private investment projects amounting to USD 14.6 million, were signed today in Luanda between the Industry Ministry?s Technical Unit for Support to Private Investment (UTAIP) and national companies.

These are the companies of beverage Refriango Huambo, Angopaper, for the production of paper, cardboard and its articles and Quimilar - chemical industry of Angola, Lda. for the manufacture of chemical products and of man-made fibers, excluding pharmaceutical products
.
The approved projects will be implemented in the provinces of Luanda (2) and Huambo (1) and will create 87 direct jobs, of which 80 for Angolan workers.

The signed deals respond to the objectives identified in the National Development Plan (PND) 2013-2017 and will ensure the promotion of national production, promotion of employment and the qualification of the national workforce and the substitution of imports.

The projects were signed by the UTAIP director, José Gama Sala.

Laws & Regulations
• Egypt’s tax-free car import initiative generates $... 03-20
• Resource curse: more Africa countries could benefi... 01-16
• Morocco Announces Cigarette Price Hike for 2024 as... 12-27
• Nigeria wins appeal in landmark ruling against Pro... 11-16
• Togo, Benin slash telecommunication charges 10-24
• Egypt adopts new strategy to increase industry’s c... 10-05

Trade Shows
• African Energy Week (AEW) 2024: Date Set 10-12
• Cityscape Egypt 2023 expo kicks off on Tuesday wit... 09-19
• Cotonou to host first Auto Moto Show on October 12... 06-27
• Ministerial Forum a top feature at Big 5 Construct... 05-17
• THE BUILD&DECOR EXPO 05-06
• SIAM: Moroccan, International Companies Showcase I... 05-03