Luanda - The AfricaInvest financing fund has 100 million US dollars under its management, the equivalent to 82.4 billion kwanzas, to invest in sectors such as agribusiness, property and hotels in the Portuguese-speaking African countries (PALOP).
According to a note from the Angolan Chamber of Commerce and Industry (CCIA), to which ANGOP had access on Monday, AfricaInvest is a fund regulated by the United States of America and it is developing its strategy in the form of a business platform, also covering financial investments in sovereign debt or other types of investment.
The document states that, over a short period of time, the aim is to make the initial amount of 100 million dollars available in different companies, distributing a percentage of the capital to various countries under observation.
To do this, it will be necessary to evaluate the projects, list the countries and get to know the possible local partners who interact with the fund as strategic allies in the economy.
In the long term, by 2030, the project is expected to consolidate its position as a natural global channel for investing in Africa, increasing the assets under its management, both through the results obtained from the businesses in which it participates and the inflow of new capital.
According to the CCIA, AfricaInvest revealed that no African country will be excluded, noting that in the first phase the focus is towards the Portuguese speaking countries starting with Angola, Mozambique, Guinea Bissau, Cabo Verde e São Tomé and Príncipe.
For that, the Angolan Chamber of Commerce and Industry has scheduled a briefing on the AfricaInvest Financing Fund for the 31st of this month at 10am in Luanda.
In this context on Monday, the chairman of the CCIA, Vicente Soares, held a meeting with the Fund's managing director for Africa, Jorge País, which served to refine ideas about the information session.
AfricaInvest is a fund regulated by the United States of America that implements its strategy in the form of a business platform, operating in sectors such as agro-industry, real estate, hotels, as well as financial investments in sovereign debt or other types of investment.
The initiative has international coverage, especially in Lusophone Africa, with a group of African specialists for each of the countries in which it operates.
QCB/BA/MRA/jmc
