Angola, Diplomat Beckons for Chinese Investment in Mining Sector

By Abdul Rahman Suagibu –

Photo Credit: Unsplash

NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone- At the third technical presentation (Roadshow) of Kassala Kitungo, Camafuca-Camazambo, Tchitengo, Kassala Kitungo, Cácata and Lucunda mining concessions, whose tender is due to open on October 7 this year in Luanda.

João Neto said that the holding of the event in the Chinese capital was also thus, the understanding between the two governments.

“I hope this event will serve as a useful space to improve your knowledge and attract mining investment in Angola,” the ambassador told Chinese investors.

He explained that the Angolan Government has been taking steps to improve the business environment in order to attract foreign investment to the various natural resources, which has been increasing the confidence of international players in the Angolan market.

With the improvement of the business environment, he explained, the Executive intends to reduce dependence on oil, the main export product, therefore, focus on other areas of economic activity, such as the exploration of the other natural resources.

Conclusively, the ambassador is stoutly calling on investors to seize this unique opportunity in Angola.

For New Africa Business News Abdul Rahman Suagibu Reports,  Africa Correspondent

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