EGYPTIAN BUSINESSMEN EXPRESS INTEREST TO INVEST IN ANGOLA, SET UP PARTNERSHIPS

LUANDA, — At least 100 entrepreneurs from Egypt’s Mediterranean governorate of Damietta have expressed interest to invest in Angola and establish partnerships with their Angolan counterparts, according to the Angolan Embassy in Egypt.

The embassy said in a statement received here Sunday that the Egyptian businesses voiced their interest at a meeting held in Damietta city, about 200 kilometres north of Cairo, with Angolan Ambassador to Egypt Antonio da Costa Fernandes. The meeting was sponsored by the local Chamber of Commerce.

The ambassador spoke of the existing business opportunities available in Angola and the incentives offered by the government to foreign investors interested in business partnerships with Angolan counterparts.

Damietta Governor Ismael Abd Elhmid said that all institutional support was available for Egyptian businesses interested to venture into Angola and that the Angolan Embassy in Cairo would be available to intermediate between the Egyptian and Angolan business people.

The head of the Chamber of Commerce said a workshop would be held later this month to select the local entrepreneurs who will qualify for exploitation of business opportunities in Angola in the fields of timber exploitation, manufacturing of furniture and fishing boats and agro-industry.

Source: Nam News Network

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