POST Online Media Lite Edition



 

Angola boosts foreign investment in tourism industry

Christian Fernsby |
Angola's President João Lourenço assured his government will boost foreign investment in tourism industry as a national priority encouraged by the State.

Article continues below



Topics: ANGOLA   

One of the government's commitments is to work continuously on the creation of an increasingly favorable business environment for national and foreign private investment in key sectors, including tourism, the president affirmed on opening a hotel in the capital district of Ingombota.

The Intercontinental Luanda Miramar five star Hotel will be managed by an international chain of great prestige in the sector, the president deemed in statements to journalists.

As the head of State highlighted, the facility will guarantee 900 direct jobs and its opening is the result of the current anti corruption battle in the country, which includes the seizure of various embezzled assets.

'It is a sign that we must continue to recover everything that was done with public capital, but, unfortunately, it ceased to be so,' the president considered.


What to read next

China and Angola sign agreement on currencies swap
Angola plans to destroy 11 million eggs from illegal imports
Cuba to provide legal guarantees to foreign companies amid U.S. sanctions