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Angola/Brazil - investment facilitation deals signed

Angola/Brazil - investment facilitation deals signed

Angola and Brazil Wednesday in Luanda signed a cooperation and investment facilitation accord, including a memorandum of understanding for promotion of investments in industry, agriculture, energy and services.

The deals were signed by the Foreign ministers of Angola and Brazil, Georges Rebelo Chikoti and Mauro Luiz Vieira, respectively. The Brazilian diplomat started Wednesday a three-day visit to Angola. The cooperation and investment facilitation accord is meant to promote investments and diversify a mutually advantageous cooperation.

Georges Chikoti said on the occasion that the memorandum of understanding covers projects that promote growth and trade, services and partnerships in industry, agriculture and energy. According to him, the accords signed are also intended to make the economic environment between the two countries more attractive and lead to a work relation that involves the public and private sectors, in line with the evolution of the parties and south/south cooperation.

 He added that the deals are part of the strategic partnership between the two states which, according to him, will boost existing cooperation and consolidate common interest projects. In his turn, the Brazilian diplomat said the two agreements show the good quality of the "fraternal and close" relations uniting the countries for the last 40 years.

 

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INVESTMENT in Africa’s mega projects surged by 46 per cent to $326 billion last year, led by heavy investment in transport, energy and power, according to the third yearl...

ECA and AUC will hold Conference of Ministers at the end of March Finance to dominate agenda at this year's Conference of Ministers Experts and politicians to discuss Implementing Agenda 2063 - Planning, Mobilizing and Financing for Development

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ADDIS ABABA, 16 March 2015 : Against a backdrop of intense negotiations leading up to the MDGs, and within the greater context of Agenda 2063, the Economic Commission for ...

Namibian President Pohamba Gets $5m Mo Ibrahim Prize

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DR Congo Launches Assault against FDLR Rebels

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