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Angola approves amendments to private investment law

Xinhua News,LUANDA
2020-05-27 11:07

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LUANDA, May 26 (Xinhua) -- The Angolan government on Tuesday approved amendments to the private investment law, including a new contractual regime.

Approved by the Economic Commission of the Council of Ministers, the law is designed to improve competitiveness in attracting private investment, especially foreign direct investment.

Under the new contractual regime, negotiation of incentives and facilities can take into account the specificities of the invested projects, the social and economic impacts resulting from their implementation, and their contribution to national production and the diversification of exports.
 
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