ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Sat, 08 Aug 2020 11:01 - Updated Sat, 08 Aug 2020 11:01

ZEE assigns ownership to foreign companies

Luanda- Eight foreign private equity companies acquired, last Friday, the full real right over property in the Special Economic Zone (ZEE).

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

Special Economic Zone (ZEE)

Photo: Pedro Parante

These are the organization Aroma Verde (juice factory), BD Soluprafia (raffia bag factory) Tai SA (Zenza car assembly lines), Sogepneus (shopping center), Yoni Bem (pasta factory), Invesco (Food industry).

The list is completed by Gestaflora (a wood processing factory for luxury furniture) and Imex Trade (general trade), which have now the possibility to resort to bank financing at a reduced cost, since they can present those properties as guarantees.

Speaking to the press after the signing of the title deed documents, the administrator for the legal area of ​​the Economic Zone, Amorbelo Sintongua, considered it historic, for those are the first companies to reach this phase 10 years after the creation of the Luanda-Bengo economic zone.

He added, on the other hand, that it will be a step that will encourage entrepreneurs to increase investment and jobs.

At least 272 private companies, both national and foreign, operate in the ZEE, 56 under a promise contract and now eight with title deeds.

Tags Angola  

Read also
  • 03/08/2020 17:19:54

    Angola complies with IMF agreement

    Luanda - With an economy strongly affected by the 2014 economic crisis, which generated macro-economic imbalances and revenue shortfalls, Angola requested on 1 August the IMF the resumption of discussions to implement technical assistance.

  • 29/07/2020 14:50:18

    Angola: Currency inflow halves this year

    Luanda - Inflow of foreign currency in Angola fell by 50% this year compared to the same period in 2019, said the governor of National Bank of Angola (BNA) on Tuesday

  • 29/07/2020 14:22:25

    National Bank to set up custody fee on excess liquidity

    Luanda - National Bank of Angola (BNA) announced Tuesday plans to introduce the Custody Fee on excess liquidity of commercial banks.