Investment in industry relevant to economy - Official
Luanda, Luanda– The manufacturing industry in the country is playing a relevant role in the process of private investment, especially in the non-mining sector, in response to the Executive’s private investment inducing policies. This was said Wednesday in Luanda by the chairman of the Restructuring Commission of the National Private Investment Agency (ANIP), Aguinaldo Jaime. Aguinaldo Jaime was speaking on the second day of the ongoing 15th Techno-Scientific Events. He said that alike in other economies of the world, the country’s manufacturing industry was a reference to private investors. According to him, in 2007, the manufacturing industry responded for 55,24 percent of the whole private investment in others than the mining sector. In 2008, he added, the percentage was a bit higher, that is 55,7 percent, which represented resources estimated at Usd 676 million. The official further stated that in 2009 the percentage dropped lightly to 45,54 and down to 32,15 in 2010. The ANIP chairman who was speaking about the role and importance of foreign investment in the country’s industrialisation process, said the investment in the industrial sector absorbed resources estimated at Usd 449 billion. He explained that in 2010, the percentage that the industrial sector, especially the manufacturing industry, recorded in terms of global private investment flow rose lightly as compared with the previous year and stood at 49 percent, absorbing resources estimated at Usd 554 billion.