Africa-Press – Angola. The financing fund AfricaInvest has under its management 100 million US dollars, equivalent to 82.4 billion kwanzas, to invest in sectors such as agro-industry, real estate and hotels, in Portuguese-speaking African countries (PALOP).
Under the regulation of the United States of America, AfricaInvest executes its strategy in the form of a business platform, also covering financial investments of sovereign debt or of another nature, according to a note from the Chamber of Commerce and Industry of Angola (CCIA) sent this Monday.
According to that document, in the short term, the objective is to allocate the initial capital of 100 million dollars in different businesses, distributing the capital by percentage among the various countries under observation.
For this, it will be necessary to evaluate the projects, link the country and meet possible local partners who interact with the fund as strategic allies in the economy.
In the long term, until 2030, this initiative hopes to consolidate itself as a natural channel, worldwide, for investment in Africa, increasing the assets under its management, both by the results obtained by the businesses in which it participates and by the inflow of new capital. .
According to the CCIA, AfricaInvest assumes that no African country will be excluded, but underlines that, in the first phase, attention is focused on Portuguese-speaking countries, starting with Angola, Mozambique, Guinea Bissau, Cape Verde and São Tomé and Príncipe.
To this end, the Angolan Chamber of Commerce and Industry has scheduled a clarification session on the AfricaInvest Financing Fund for the 31st of this month, at 10 am, in Luanda.
In this context, this Monday, the president of the CCIA, Vicente Soares, held a meeting with the general director of the Fund for Africa, Jorge País, which served to improve the ideas about the clarification session.
AfricaInvest is a fund regulated by the United States of America that executes its strategy in the form of a business platform, operating in sectors such as agro-industry, real estate, hotels, as well as in financial investments of sovereign debt or of another nature.
The initiative has international coverage, in particular Portuguese-speaking Africa, constituting a group of African specialists for each of the countries where it will have operations.
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