Angop - Agência de Notícias Angola Press

China: Angola wants more private Chinese investment

Thu, 11 Oct 2018 12:45 - Economy

Beijing - The Foreign Affairs minister, Manuel Augusto, has hailed in Beijing the broadening of the Angola/China co-operation and the importance of the financing flow, adding, however, that henceforth the African country wants to focus less on credits and more on attracting private Chinese investment.

The minister said so to the press, in the ambit of last Tuesday’s negotiations that culminated with the signing of several agreements, having stressed that Chinese investors are called to participate more and more in the Angolan economic growth and development endeavours.    

“What we want is that private Chinese investors can find in Angola a place of opportunities and, thus, participate in the efforts we need to make for our country’s economic development”, he emphasised.

He said this was the reason why the Angolan President, João Lourenço, took to China, in his state visit, a message that highlighted the conditions being created in Angola for the establishment of a good business environment.

The Foreign minister deemed this official visit of the Angolan President of paramount importance and stressed that it marks a new cycle in the China/Angola relations.

“Angola came to China with the objective of strengthening the existing relations, but also to make the bilateral co-operation better in quality”, said Manuel Augusto.

He then disclosed that the two states are aware of the fact that the funds placed at the disposal of the bilateral co-operation could have been managed better.    

The Angolan Head of State, João Lourenço, ended on Wednesday his state visit to China, after holding top level contacts with the Chinese political authorities and entrepreneurs, which culminated with the signing of several co-operation agreements.

President João Lourenço is due back in the country on Thursday.