Posted by: africanpressorganization | 23 March 2009

Pope’s visit to Angola emphasises the need for investment to rebuild the country



Pope’s visit to Angola emphasises the need for investment to rebuild the country


LUANDA, Angola, March 23, 2009/African Press Organization (APO)/ — Pope Benedict XVI’s visit to Angola comes at a time when the Angolan government is keen to showcase the many investment opportunities in the country.  During his historic visit to the country at the weekend, the pope referred to the decades of civil war that had ravaged the country.  The papal spotlight on the country with the second fastest growing economy on the African continent came on the eve of a niche, high-level investment conference that starts off in the Angolan capital Luanda on Tuesday 24 March 2009.

Potentially one of Africa’s richest sub-Saharan countries, Angola offers great opportunities for investment in various sectors.  The first Infrastructure Partnerships for African Development (iPAD) Angola conference and exhibition will provide a forum for government and business to meet and explore opportunities for developing and investing in the key infrastructure sectors of power, mining, banking and financial services, oil and gas, public works and transport, as well as telecoms/ICT.

Public and private partnerships
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.

Angola’s Mining, Industry and Public Works ministries are taking active steps to facilitate foreign investment in the country and are among top business and government representatives who will head up iPAD Angola at the Hotel Tropico in Luanda, Angola from 24-26 March 2009.

Top government and private sector speakers
Top Angolan government representatives at iPAD Angola include:

Honourable Kiala Ngone Gabriel, Vice-Minister, Ministry of Industry, who will deliver the plenary address on Perspectives on the industrialisation of Angola – policies and initiatives.  He will also lead a workshop on investment opportunities in Angola.

Honourable Lourenço Mahamba Baptista, Vice-Minister, Ministry of Geology and Mines, who will give an
overview of the mining sector with specific focus on the regulatory frameworks surrounding this industry.

Honourable José João Kuzingwa, Vice-Minister, Ministry of Transport, who will participate in a panel discussion on opportunities for investment, trade and development in a number of key infrastructure sectors.

The Institute of Industrial Development of Angola (IDIA), under leadership of new director Dr Benjamin Dombolo, has also pledged its support of the event, and is committed to encouraging investment in Angola.

What is being discussed?

Investing in Angola – opportunities and procedures

Trade and industry development in the sub region

Regulatory framework and investment opportunities in the power, mining, oil and gas, and ICT/telecoms sectors

Current developments in infrastructure project finance

Investment and development opportunities in construction, transport, and water infrastructure

Other high-level speakers at iPAD Angola 2009 include:

Fernando Barros, Country Leader, Pricewaterhouse Coopers, Angola

Euclides Brito, Director of Planning, ENE, Angola

Alexandre Chequer, Partner, Thompson and Knight LLP, Brazil

António Belsa da Costa, Chairman, EPAL, Angola

Alberto Chueca Mora, Country Manager, World Bank, Angola

Bane Maleke, Divisional Executive: Africa Partnerships, Development Bank of Southern Africa, South Africa

Jason Nagy, Africa Business Development Manager, US Trade and Development Agency, South Africa

Mike Peo, Head: Infrastructure Project Finance, Nedbank, South Africa

Alex Rimmer, Head of Re-insurance and Insurance Operations, GA Angola Seguros, Angola


iPAD Angola forms part of the iPAD series of African infrastructure partnership events – these are powerful and cost-effective sources of knowledge to assist stakeholders to strengthen their network and opportunities to build a valuable database of contacts and investigate investment opportunities.


SOURCE : Infrastructure Partnerships for African Development (iPAD) Angola


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