MITSMED calls on Namibian businesses to operate in Angola

07 Jun 2018 18:10pm
WINDHOEK, 07 JUN (NAMPA) – The Ministry of Industrialisation, Trade and SME Development (MITSMED) has invited and encouraged Namibian businesspeople interested in doing business in Angola to express interest.
The ministry acquired 3 000 square metres of land, known as the Talatona Industrial Land in Luanda-Sul, Luanda in 2003 to construct a trade centre house. However, no construction was done on the land since the acquisition.
The land has since been serviced and the purchase of the land could only be considered if there is a keen interest by the country’s businesspeople.
Permanent Secretary of MITSMED, Gabriel Sinimbo said this during a networking session held with Namibian entrepreneurs and businesspeople on investment opportunities in Angola here on Thursday.
He said due to the high costs attached and time it would take to develop the facility, establishing it would depend on the interest expressed by those wanting to export or take their goods to Angola.
He indicated that the ministry was considering entering into a purchase agreement of the land, but would engage businesspeople first.
Sinimbo further indicated that there was another operation facility in Viana, Luanda close to its international airport that was acquired for Namibian businesses to operate in it.
However, the facility does not belong to the ministry. It also could not accommodate a big number of businesses.
Angolan Minister Counsellor, Fernando Miguel said Angola has taken several measures to ensure that neighbouring countries have a conducive and friendly environment for investment.
These include the Angolan government starting with administrative reforms to address bureaucracy; granting of visas in ordinary passports and signing agreements on the basis of reciprocity; fighting corruption and impunity.