Angop - Agência de Notícias Angola Press

Israel finances over USD 20 million for agriculture and water project

Mon, 12 Jun 2017 18:26 - Economy

Luanda - Over USD 20 million granted by Israel will be invested in various sectors of economic activity in Angola in the near future said its ambassador to Angola, Oren Rosenblat.

  • Oren Rosenblat - Israeli ambassador to Angola

Speaking to ANGOP at the first Angola - Israel Business Forum, under the motto "Together for Development", Oren Rosenblat underlines that the priority will be for the agriculture and water sectors.

In his turn, the president of the Angola-Israel Chamber of Commerce, Haim Taib, said that trade between the two countries is good, and efforts are being made to improve it.

The Israeli businessman who works in the electronics and technology sector Ady Segal expects to see investments, partnerships or customers in the sector that acts "because he has been building solar systems for companies operating in the energy and telecommunications sector.

Another businessman Amos Tamir said that he intends to invest in Angola, supplying reusable product and water control software that helps save water and keep plants with fertilizers.

At the event, where Angolan and Israeli businessmen from the Israel-Angola Chamber of Commerce are participating on the discussion of topics  "Business Opportunities in Angola" and "Investing in Angola".

On the second and last day of work, the topics "Aquaculture in Angola", "Investment Opportunities in Agriculture" and "Investment Opportunity in the Mining Sector" will be discussed.

With the creation of the Angola-Israel Chamber of Commerce, an increase in turnover is expected, as more Israeli companies will be able to settle in Angola, developing a mutually beneficial partnership.