The investment intentions registered by the Angolan Agency for Private Investment and Export Promotion (AIPEX) in the first four months of this year are projected to create more than 5,000 new jobs, of which 90% for nationals and 10% for expatriates.
Data from this institution to which ANGOP had access indicate that from January to April AIPEX received 31 private investment intentions, with an investment amount of USD 848 million.
Of the intentions, the document said, the industry sector stands out, with about US$600 million, and investment projects in manufacturing, food processing and mining.
Here is the quarterly record for 2024.
Origin of Investments
In terms of origin, Angola leads with an amount of USD 667,351,333.43, followed by Singapore, with USD 136,099,962.00, and India with USD 11,025,000.00.
This diversity of investment origins highlights Angola’s attractiveness to international investors and continued confidence in the Angolan market.
The presence of investments from Singapore and India underlines the growing global interest in Angola’s economic potential.
Performance by Investment Type
Investments in the first four months of 2024 were categorized into internal, mixed, and external.
Domestic investment stood out with USD 657,863,959.42, followed by foreign investment with USD 168,491,782.00 and mixed investment with USD 22,487,374.00.
This distribution demonstrates a healthy balance between local and foreign investments, which is essential for economic sustainability.
The blended investment, combining national and foreign capital, reflects international cooperation and confidence in the Angolan market.
Geographical Distribution of Investments
Luanda continues to be the province with the highest volume of investments, totaling USD 601,062,354.00. This leadership reflects Luanda’s centrality in the country’s economic development.
The capital attracts significant investments due to its developed infrastructure, large consumer market, and strategic position.
Other provinces, such as Cuanza-Norte and Benguela, also stood out, showing a growing distribution of investments across several regions.
This more balanced distribution is essential to promote regional development and reduce economic disparities between provinces.
Comparison and Perspectives
Compared to the same period of the previous year, there was a variation in the type of investment, with domestic investment maintaining its lead, albeit with a slight reduction.
This change reflects a natural adjustment in the investment market and adaptation to global economic conditions.