We are confident about the future of Angola and we have been investing in emerging opportunities for some time. Financial assistance now with reasonable conditions can provide a feasible way to move forward and prosper in the future.
New York, NY (PRWEB) May 31, 2016
Angola Capital Investments (ACI) announced today that its CEO Zandre Campos was featured in the Huffington Post with his insight regarding a proposed program between the International Monetary Fund (IMF) and the government of Angola. The article entitled “Why IMF Funding Will be Good for Angola” was originally published on The Huffington Post on May 24, 2016.
The article looks at potential benefits of an agreement between the IMF and Angola, over a three-year extended loan program. “IMF funding will compel Angola to demonstrate real progress,” Mr. Campos said.
“Angola can attract new investment as investors see greater financial transparency, which the government has pledged, and the economy grows.”
Many news stories have called the IMF funding a “bailout” designed to curtail the impact of the steep drop in oil prices on the Angolan economy. Angola, which produces some 1.6 million barrels a day, is Africa’s second-largest oil producer. As a result, Angola relies on the oil industry for about 95% of export income and 52% of government revenues.
The IMF financing, known as the Extended Fund Facility program, could be as high as $1.5 billion annually with a cumulative total of about $4.5 billion. The Angolan government has recognized a need and has committed to diversifying the economy. The IMF assistance will help achieve this objective by supporting new possibilities in agriculture- Angola was once a net crop exporter - healthcare, technology, tourism and renewable energy.
“We are confident about the future of Angola and we have been investing in emerging opportunities for some time,” added Mr. Campos. “Financial assistance now with reasonable conditions can provide a feasible way to move forward and prosper in the future.”
Zandre Campos is the chairman and CEO of Angola Capital Investments, a leading international investment firm in Angola. ACI invests in companies in the energy, transportation, hospitality, healthcare, technology and real estate sectors.
Read the full Huffington Post article:
About Angola Capital Investments
Angola Capital Investments (ACI) is an international investment firm that invests in companies in the healthcare, technology, energy, transportation, hospitality, and real estate sectors throughout Africa. The mission of ACI is to create global value for developing countries in Africa, while contributing to their economic development.
About Zandre Campos
Zandre de Campos Finda is one of the great, innovative business leaders and global entrepreneurs emerging out of Africa. Currently, he is chairman and CEO of Angola Capital Investments (ACI), an international investment firm headquartered in Angola with holdings throughout Africa and Europe. Prior to founding ACI, Mr. Campos was CEO of Nazaki Oil & Gaz S.A. He has held the positions of CEO of the mobile phone company Movicel Telecommunications and an executive in the office of the president of SONAIR, S.A., a subsidiary of Sonangol, Angola’s state-owned oil company that oversees oil and gas production. He began his career as a legal advisor with Sonangol Holdings.
Mr. Campos also sits on the board of Sphera Bluoshen S.A., a subsidiary of Oshen Group and part of Sphera Global Healthcare. Sphera is committed to bringing high-quality healthcare services to nations around the globe with current activities in Angola, Morocco, and Rwanda. Sphera is dedicated to healthcare equality and accessibility. He is also a board member in Bluoshen S.A. and Boost - Communication & Strategy, S.A. and other organizations across the globe. Mr. Campos graduated from Lusiada University, Lisbon, with a degree in Law.
Mr. Campos has dedicated his career to helping advance Angola and other developing nations. His work makes him one of the most socially forward and conscientious business leaders of our time. Through his entrepreneurial spirit and diverse business portfolio that is ever-expanding, Mr. Campos is creating thousands of new job opportunities and building stronger communities.