Angola to invest millions in transport and infrastructure

The Angolan government has committed US$113 billion for transport and infrastructure over the next 20 years and US$3.97 billion in agricultural development.



Joao Rocha of Termat Comecio Geral, a company that is on a mission to attract and promote South African goods and services in Angola, was quoted by SANews.gov.za as saying: “Energy, water, construction materials, telecommunications, chemicals, mining and distribution are all projects where foreign investment is needed.”



He was speaking at the Feira Internacional de Angola (FILDA) trade exhibition which concluded in the capital city of Luanda on Sunday. Rocha said Angola had a special programme of incentives for investment projects that included agro-industrial processing, packaging and logistics, which will increase the value chain of local food production.