Luanda 9/28/08 – The Angola Development Bank (BDA) and the National Agency for Private Investment (ANIP) Friday in Luanda signed a cooperation protocol to ease the granting of fiscal and customs incentives to local investors.
After the signing, ANIP managing board chairman, Carlos Fernandes, said the accord aims at stimulating projects funded by BDA.
He said on the occasion that the national investors often do not benefit from the legal and institutional facilities helping them to make investments, the reason why BDA and ANIP have come together to assist them to optimise the benefits offered by the national investor’s law.
According to him, the two institutions will follow up the approval and investment of projects that will receive fiscal and customs facilities granted by the Government.
He also stressed that part of the projects funded by BDA is turned to the goals of the economic policy outlined by Angolan Government.
The official stated as well that the national projects deserve a special attention from BDA and ANIP, not only in the granting of fiscal and customs facilities, but also physical and technical follow-up of their execution in order to identify eventual constraints.
The protocol was signed by the chairmen of the managing boards of BDA, Paixão Franco and ANIP, Carlos Fernandes.
BDA is a State-run institution that grants credits for projects associated with agriculture, commerce, agricultural mechanisation and civil construction transformation industry.
ANIP is responsible for Government’s private investment policy.