VOL. NO: 53      DATE:
 

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AFRICAN ECHO BUSINESS NEWS
Complied by Cass Gilroy-Business Editor

Angola’s Cabinet approves private investment project

THE project of private investment, dubbed the "Sana Luanda Royal Hotel", as well as the attached Contract of Investment, has been approved recently by the Angolan Council of Ministers.

The Council explained that for its approval, they have considered the need for commitment to the promotion of investment projects aimed at the development of the economic and social improvement the country, as well as the Angolan entrepreneurial spirit.

The Cabinet took into account the decision by "SIVOL (Society of Hotels Investments), which submitted the relevant proposal in the hotel and tourism sector, under the legislation of private investment in Angola.

 

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