Luanda – The Private Investment and Export Promotion Agency (AIPEX) and Banco de Fomento Angola (BFA) bank signed this Friday a memorandum of understanding to provide private investors with technical information and reliable solutions for financing projects, credits and investments in the country.
This cooperation instrument aims to provide potential private, national and foreign investors with specific information on the legal, economic and financial framework, with a focus on capital repatriation mechanisms, as well as reliable and strategic projects for investments in Angola.
Among the objectives of the memorandum is to encourage national and foreign companies to invest in the agribusiness sector, within the framework of tax policies and other incentives available to congratulate the good business environment.
On the occasion, the AIPEX chairman of the Board of Directors, Lello Francisco, signer of the memorandum, considered this partnership with BFA to be strategic, within the framework of attracting foreign private investment for the agribusiness sector and the diversification of Angolan economy.
To the manager, with the mission of attracting private investment BFA has specific financial instruments to support the promotion of agriculture, with facilities that may arouse the interest of foreign investors.
“This partnership, between AIPEX and BFA, will somehow manage to contribute to the increase of national and foreign private investment in the country, by virtue of the mechanisms that the bank presents to entrepreneurs”, he said.
The BFA's chairman of the Executive Committee, Luís Gonçalves, pointed out that BFA has, in its structure, a management that particularly caters for the agriculture sector, with a focus on agribusiness.
“BFA intends to help strongly the country's diversified, comprehensive and sustainable development base to project accelerated growth in the coming years”, he stressed.
