Luanda – The fiscal and customs incentive policies adopted by Angolan Government in 2003 have been attracting investments into the country’s least developed provinces.

This was said Thursday in Luanda by the chairman of the Angolan Industrial Association (AIA), José Severino.

 
Speaking to Angop, the businessman said the law on fiscal incentives, approved in 2003, compensate, to a large extent, the investment made in the country’s inland regions considered by investors as risky, due to shortage of some infrastructures like power and water systems.

As to benefits, he mentioned that the incentives enabled the establishment of housing, hotel and services infrastructures in the provinces of Malanje, Kuando Kubango and Bié.

 
Commenting on AIA members activity, the official stated that their investments are more concentrated in the capital of the country, Luanda, as it is the main market of Angola.

He noted that although insufficient, AIA affiliates have invested in the provinces of Huambo, Huíla and Benguela, in the fields of beverages, thus contributing with jobs and improved medical assistance, access to drinking water and basic sanitation in those regions, as part of their social responsibility.

Jose Severino added that AIA industrials intend to direct their investments to other regions of the country, as the Government rehabilitate and builds road, railway, port and airport infrastructures that, coupled with fiscal and customs incentives, will continue attracting a contribute to reduce imbalances between the coastal and inland regions.

On the other hand, José Severino spoke of the need for a social concert between the central Government and the private partners on one hand, and between the provincial governments and the private companies, civil society and traditional authorities. 

 
He stated that public-private partnerships and multi-lateral and bilateral social concert will enable the adoption of farther reaching strategies that boost the development of such sectors as agriculture and fisheries, civil construction, energy and water, education and health.