Angolan market open to investors with technology and financial capital

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The Angolan Government has opened the national economic market to all world investors who bring advanced technology and financial capital in order to generate a high level of knowledge and greater efficiency in the internal production of goods and services.

This information was revealed by the Minister of State for Economic Coordination, Manuel Nunes Júnior, emphasizing that the creation of a strong economy is done with a diversified support base, where the Executive's program of attracting investors from all over the world also aims to increase employment levels in the country, improve citizens' incomes and increase the diversification of exports.

Manuel Júnior informed that, in order to guarantee the attractiveness of the business sector, it was initiated in 2017, several ways aiming at improving the business environment in Angola.

BUT: Angola and the United Arab Emirates will cooperate in the technological and economic sectors

According to the Minister, there was a need to work on macroeconomic stabilization, reiterating that the Angolan Government successfully developed the macroeconomic stabilization program, which allowed the achievement of positive results with regard to the balance of fiscal accounts, the reduction inflation rates, the normalization of the foreign exchange market and the stabilization of the level of the country's international reserves.

"This program concluded in 2021 and had the financial and technical support of the International Monetary Fund (IMF), based on an expanded financing program. Today, our market functions normally, and all foreign companies can repatriate their dividends safely and in a timely manner.”, concluded the Minister of State.

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