News Column

Spain Releases About Akz 11 Billion for Investments in Angola

May 7, 2014

A deal aimed to grant about Akz 11 billion (Usd 10 million) to support Spanish entrepreneurs intending to invest in Angola, was signed Monday in Luanda by the governments of Angola and Spain.

The accord was signed by the Spanish Secretary of State for Trade, Jaime Garcia-Legaz and the director of the Business Boosting Institute of Angola, SÉrgio dos Santos.

Speaking to the press after a meeting with the Angolan Economy Minister, AbrahÃo Gourgel, o the Spanish official clarified that this fund is availed so as to support the business people of Spain that want to work with Angolan partners.

According to him, this deal is very important and it will enable mutual investment projects to be fit for execution because they will have necessary funds.

He added that the Spanish companies have already important activity in Angola and it is intended to increase them, especially in the field of food industry, transport, information technologies and services.

The Spaniard defended that the commercial relations between the two countries must be strengthened and diversified considerably since the levels of the current commerce are low.

The official assured that the commercial and economic relations between Angola and Spain will improve considerably in the coming years and this first visit of Spanish entrepreneurs to the country is the first step in the construction of deeper commercial and economic relations between both states.

In this visit, the official was accompanied by 120 business people from the sectors of infrastructure, engineering, information technologies, services and industry that intend to invest in Angola, through partnerships with Angolan entrepreneurs.

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Source: AllAfrica

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