Vast business opportunities in Angola

THE local business community has been called upon to take advantage of the existing good bilateral relations between Namibia and Angola and invest in the neighbouring country.

This was said by the Namibian ambassador to Angola, Lineekela Mboti at a breakfast meeting hosted for the business community by the Namibia Chamber of Commerce and Industry (NCCI) in Windhoek recently. “Angola and Namibia continue to enjoy excellent bilateral relations, characterised by a common vision and a strong desire to strengthen economic, trade, investment, scientific and cultural ties between the two friendly neighbouring countries.”Against this background, the two governments are encouraging the private sectors of both countries to actively participate in joint business activities, including investment and trade between the two countries,” said Mboti.Mboti said Angola offered vast opportunities in which the local business people should be part of.He said opportunities lay in the sectors of agriculture, fisheries, tourism, communication technology, mining, energy, water, roads construction and rehabilitation.Mboti, however, said despite Namibia’s proximity to Angola, this advantage was not being utilised.”I wish to strongly encourage you all to actively participate in the reconstruction and development of Angola for mutual benefit.The private sector is the engine of any modern economy hence your participation in the Angolan reconstruction process is crucial.Needless to state that Angola’s economic recovery is good for both countries and peoples.”Speaking at the same occasion was NamPower managing director, who now is the former NCCI president Dr Leake Hangala who reiterated about the opportunities between the two neighbouring countries.”Since Namibia’s independence, the Angolan government has carried on this tradition of support and partnership.After majority rule was established in Namibia, we turned our attention to achieving economic and social emancipation of our people.”This objective begs our total dedication, in unison, to raise the quality of life of our people in a very challenging environment of economic and social globalisation,” said Hangala.The meeting was organised by NCCI to encourage the private sector to participate in the reconstruction and development of Angola, and to discuss Namibia’s participation in the Luanda International Trade Fair to take place in the Angolan capital next month.Last year the Angolan government passed the Private Investment Law 2003 aimed at attracting foreign investors to Angola, while earlier this year the Namibian and Angolan governments signed the Agreement on Trade and Economic Cooperation and the Reciprocal Investment Protection and Promotion Agreement.”Angola and Namibia continue to enjoy excellent bilateral relations, characterised by a common vision and a strong desire to strengthen economic, trade, investment, scientific and cultural ties between the two friendly neighbouring countries.”Against this background, the two governments are encouraging the private sectors of both countries to actively participate in joint business activities, including investment and trade between the two countries,” said Mboti.Mboti said Angola offered vast opportunities in which the local business people should be part of.He said opportunities lay in the sectors of agriculture, fisheries, tourism, communication technology, mining, energy, water, roads construction and rehabilitation.Mboti, however, said despite Namibia’s proximity to Angola, this advantage was not being utilised.”I wish to strongly encourage you all to actively participate in the reconstruction and development of Angola for mutual benefit.The private sector is the engine of any modern economy hence your participation in the Angolan reconstruction process is crucial.Needless to state that Angola’s economic recovery is good for both countries and peoples.”Speaking at the same occasion was NamPower managing director, who now is the former NCCI president Dr Leake Hangala who reiterated about the opportunities between the two neighbouring countries.”Since Namibia’s independence, the Angolan government has carried on this tradition of support and partnership.After majority rule was established in Namibia, we turned our attention to achieving economic and social emancipation of our people.”This objective begs our total dedication, in unison, to raise the quality of life of our people in a very challenging environment of economic and social globalisation,” said Hangala.The meeting was organised by NCCI to encourage the private sector to participate in the reconstruction and development of Angola, and to discuss Namibia’s participation in the Luanda International Trade Fair to take place in the Angolan capital next month.Last year the Angolan government passed the Private Investment Law 2003 aimed at attracting foreign investors to Angola, while earlier this year the Namibian and Angolan governments signed the Agreement on Trade and Economic Cooperation and the Reciprocal Investment Protection and Promotion Agreement.