Angola | Gov’t lists projects for private investment

The government of Angola has identified a number of priority projects that require investments of USD47.9 billion, which are viable and attractive in both economic and social terms, said the minister of Economy Tuesday in Luanda.
Abraão Gourgel was speaking at the opening of the 6th Germany/Angola Economic Forum, intended to identify business opportunities in Angola and priority areas for two-way cooperation, said that this set of projects to be executed over the next five years, was based a cluster and supply chain strategy.
The minister told German businessmen that the identified projects were in the energy and water sectors (65 projects), valued at USD14.4 billion, food production and agribusiness (57 projects), costing USD2.8 billion, housing valued at USD6.3 billion and the transport and logistics sector (123 projects), worth USD24.4 billion.
Cited by Angolan news agency Angop, the minister of Economy presented an overview of the Angolan economy, with particular reference to the significant impact of low oil prices on public finances and the foreign exchange market. MDT/Macauhub