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Mar 20, 2018

Investment super-agency established

In a presidential decree issued in March 2018, Angola dissolved the Unidade Técnica para o Investimento Privado (UTIP), the Agência para a Promoção de Investimento de Exportações de Angola (APIEX) and the Unidade Técnica de Apoio ao Investimento Privado. In their place another agency has been established , the Agency for Private Investment and Promotion of Exports. This new entity will be responsible for all aspects of private investment, the promotion of exports and international business partnerships, and play a role in increasing the competitiveness of the national economy.

It will have the exclusive responsibility for receiving, negotiating and approving private investment projects, as well as for monitoring and supervising their implementation.

Type: Entry and establishment (Approval and admission)

Industry: Not industry specific