The new Angolan Investment Law and Public Private Partnership Law, is based in part on a major state and business ethics and corporate governance movement, aimed at rescuing Angola’s social values from negative effects of decades of civil disruption.
These developments “are impacting profoundly on assumptions, concepts, values and practices in the Angolan business paradigm”, said South Africa -Angola Chamber of Commerce honorary CE, ambassador Roger Ballard-Tremeer.
“Applying sound business judgement principles to the myriad of opportunities on offer in the Angolan marketplace, can work for those with an appetite for Angola.”
Non-oil investment opportunities in Angola are good, based on the new business culture, said Ballard-Tremeer, in promoting an annual investment forum, IPAD Angola, hosted in Luanda on 13 -16 September.
SA companies expand to Angola
South Africa’s Nampak Bevcan had built a US$160-million beverage can factory, coming online in Viana outside Luanda this year.
South Africa’s Standard Bank de Angola also recently opened, bringing with it the involvement of Industrial and Commercial Bank of China.
Other South African based companies operating in Angola include Aurecon, Barloworld, and Megger.
Angolan cabinet members lead a specialist investment drive at IPAD Angola which will focus on infrastructure partnership opportunities in the Angolan agriculture, power, water, transport, logistics and mining sectors.
The delegation aims also to raise Angola’s state reputation above the stereotype of corruption in public private partnerships and dealings.
Angola faces a tough task in the face of worldwide perceptions of Chinese foreign investment in Africa, Asia and Europe, being associated with defective safety, health, enviornment and quality failures, as well as some corrupt and monopolistic practices.
IPAD Angola conference themes and presenters include;
• Workshop on new Angolan PPP law as business driver, by João Caiado Guerreiro, Partner at Franco Caiado Guerreiro and Associados.
• Workshop on Private Investment law by Dr Nuno Chaves Frota, Attorney at GLA.
• Government projects for infrastructural development; Minister of Planning, Ms Ana Dias Lourenço.
• Public-private partnership profitability in public infrastructure investment; Mário Rui Pires, National Director, Technical Support Unit of PPPs, Ministry of Economy.
• Transport and Logistics partnership opportunities in railway and port rehabilitation; José João Kovíngua, Deputy Minister of Transport.
• Power and energy construction and rehabilitation investment opportunities; João Baptista Borges, Secretary of State for Energy.
• Water challenges in sanitation infrastructure opportunities; Luís Filipe da Silva, Secretary of State for Water.
• Mining code supporting private sector participation and investment; Francisco Queiroz, Manager, Technical Commission to Review Mining Legislation – CTRLM.
• Agriculture investment and fertile soil distribution; Domingos Nazaré Veloso, Agriculture Director.
Sep 13 -16 Angolan Infrastructure Partnerships for African Development (IPAD) Workshop, Conference and Site visit.
• Sep 13 Workshops on new Angolan PPP law as business driver, and Private Investment law.
• Sep 14 -15 Conference including investment in rail, port, power, water, mining.
• Sep 16 Site visit to Luanda Port.
At Tlatona Convention Hotel, Luanda, Angola; www.angola.ipad-africa.com
PHOTO; Angolan president José Eduardo dos Santos is leading a public private infrastructure business drive, backed by a business ethics culture.