The company Dusira UG, Duisburg, Germany sets up a new project to improve drinking water supply of local population in Africa. Drilling takes place in rural areas, so long walking distances are decisively shortened. Dusira UG is seeking for partnerships with deep-well equipment suppliers which provide submersive pumps, filter systems and pressure vessels.
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Phone +49 173 7692688
With the new law of August 2015 any investor small or large can start up business activity in Angola without a minimum capital investment and with the advantage of being able to repatriate profits, dividends and capital gains.
Those who are willing to invest at least $ 1m, the new law could grant tax incentives and advantages from a case to case basis.
There are the following constraints: Investors who are willing to put money in one of those following sectors:
- electricity and water
- hotel business and tourism
- transport and logistics
- civil construction
- information technology and media
- a partnership with Angolan citizens or Angolan companies, with the Angolan partner having at least 15 % of the share capital
- effective participation of the Angolan partner in the management of the company, clearly stated in the shareholder agreement
The definition of an Angolan company is a company with registered address in Angola and with a minimum of 51 % shareholding belonging to an Angolan citizen.
The company Dusira UG is cooperating with Angolan companies we personally know and will give assistance in establishing companies in Angola.
The Federal Executive Council on Wednesday has approved three foreign loans totaling $ 945million meant to improve irrigation system, prevent flooding in Ibadan, Oyo State and provide water for Bauchi, Ekiti and Rivers States. The money comes from the International Development Association, an arm of the World Bank for irrigation and drainage projects, Minister of State for Finance Bashir Yuguda said.
Nigeria, Africa’s biggest economy, is trying to expand agricultural production with the aim to reduce it’s dependence on crude oil exports, which account for more than 70 percent of the country’s revenue. According to the National Bureau of Statistics Agriculture is employing more than 60 percent of the population, representing about 22 percent of the gross domestic product,.
About one million Nigerians are to benefit from the project in the three states.