Africa-Press – Angola. The Government of Huambo received, this year, private investment intentions from 26 companies, to establish themselves in the Caála Industrial Development Pole, informed the vice-governor for the Political, Social and Economic sector, Angelino Elavoco.
The official, who was speaking, this Monday, at the seminar on the facilities of the Single Investment Window (JUI), in an initiative of the Private Investment and Export Promotion Agency (AIPEX), said that the local government is working with the investors, particularly from the industrial sector, so that the initiatives become even more attractive.
He added that businesspeople need more guarantees over their capital, which is why infrastructure projects at the hub are being accelerated, so that more national and foreign investors express their desire to establish themselves in the province of Huambo.
Angelino Elavoco said that local authorities are working to remove existing barriers for the private sector, such as bureaucracy and infrastructure, in order to make it easier for investors to establish more factories and industries in the region.
According to him, among the priorities of the Government of Huambo is the infrastructure of the Caála Industrial Development Pole, as it is a missing variable for the growth of this region of the country.
To this end, he added, there are guidelines and work coordinated with the ministries of Commerce, Economy and Planning and Finance, to identify a line of financing, to support the necessary investment in the infrastructure of the enterprise.
He stressed that investments in infrastructure, namely access roads, telecommunications, energy and water, involve large financial resources, a fact that will be resolved in the long term, according to the available budgets.
He highlighted that the Angolan economy, in particular, in the province of Huambo, has a set of potential in the primary, secondary and tertiary sector, with conditions to grow at double digits, simply by removing the constraints on the establishment of industries .
In turn, the PCA of AIPEX, Lello Francisco, defended coordinated work with provincial governments, to improve the business environment in the country, which essentially involves reducing bureaucracy and more infrastructure.
He said that the province of Huambo has the necessary conditions to be a place of strong attraction for a greater number of private investments in the country, especially in the agricultural sector, with emphasis on wheat, which can reduce food imports.
He stressed that the seminar aimed to publicize the Single Investment Window and its facilities, with a view to allowing better strategic alignment between AIPEX and provincial governments, to attract more private investments.
The Caála Industrial Development Hub has a total of 1,87 hectares at its disposal, of which only 134 are occupied, with only six companies operating, representing 11 percent of the space.
AIPEX was created under Presidential Decree no 81/18, of March 19, 2018, as a result of the merger with the Technical Unit for Private Investment (UTIP).
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