Posted by: africanpressorganization | 12 December 2008

Infrastructure Partnerships for African Development (iPAD) Angola, 24-26 March 2009, Luanda, ANGOLA

 


 

Infrastructure Partnerships for African Development (iPAD) Angola, 24-26 March 2009, Luanda, ANGOLA

 

LUANDA, Angola, December 12, 2008/African Press Organization (APO)/ — Infrastructure Partnerships for African Development (iPAD) Angola, 24-26 March 2009, Luanda, ANGOLA

Dates: 24 March 2009 – 26 March 2009

Location: Luanda, Angola
Organiser: http://www.spintelligent-events.com/events/mining/index.htm

Contact Email Address: piera.abbott@spintelligent.com
Event URL: http://www.ipad-africa.com/angola

The iPAD series of events conferences and exhibitions provide a forum for government and business to meet and explore opportunities for developing and investing in the infrastructure of the region.

Angola’s today is the second fastest growing economy in Africa and one of the fastest in the world. In 2004, China’s Eximbank approved a $2 billion line of credit to Angola. The loan is being used to rebuild Angola’s infrastructure, and has also limited the influence of traditional “Western” institutions, such as the International Monetary Fund, in the country. In July 2008, it was reported that China will provide an additional $135 million in financing to rebuild Angola’s electricity, water and road systems, expanding its stake in country.

Growth is almost entirely driven by rising oil production, and Angola recently surpassed Nigeria as the top oil-producing country in Africa, exporting nearly 2 million barrels of oil a day. Control of the oil industry is consolidated in the Sonangol Group, a conglomerate which is owned by the Angolan government. In December 2006, Angola was admitted as a member of OPEC. The economy grew 18% in 2005, 26% in 2006 and 17.6% in 2007 and it’s expected to stay above 10% for the rest of the decade.

 

The iPAD Angola conference and exhibition provides a forum for government and business to meet and explore opportunities for developing and investing in the infrastructure of Angola.

 

The private sector will drive growth in Angola and, to help it do so, the government is striving to promote an enabling environment. This means listening to the private sector, lending directly to private interests and reforming legal and regulatory frameworks to strengthen governance and accountability.

 

Potentially one of Africa’s richest sub-Saharan countries, Angola offers great opportunities for investment in various sectors. iPAD Angola provides a high-level networking platform that investigates opportunities in key infrastructure verticals including power, water, transport, construction, telecoms/ITC, finance and mining.

 

 

 

SOURCE : Infrastructure Partnerships for African Development (iPAD)


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