Angola’s Private Investment and Export Promotion Agency (AIPEX) has facilitated over $11 billion in private sector funding since 2018, according to CEO Lello Francisco.
AIPEX serves as a gateway for investors seeking investment and commercial opportunities in the country. According to Francisco, the funding was raised via 581 projects, all of which are aimed at driving the southern African country’s economic growth.
Submitted to AIPEX over the course of five years, of the 581 projects, some 169 have already been implemented while the remaining 400 projects are currently in the implementation phase.
Twelve perecent of the completed projects were deployed in the food processing sector, creating up to 12,000 new jobs for the Angolan people. In total, the 581 projects are expected to create upwards of 54,000 jobs, therefore accelerating economic growth on the back of private sector investment.
According to Francisco, AIPEX remains committed to spearheading further private sector investment in the country, with the entity providing “assistance to companies, a fact which reduces investors’ risks in the market.”