The Angolan parliament has passed unanimously a bill to remove limits on foreign investment in the country, part of an Angolan government effort to reinvigorate the oil-dependent economy, Agence France-Presse reports.
The French news agency says the bill, once enacted, will abolish the requirements for Angolans to contribute at least 35 percent of the capital for any venture that foreigners invest in, and for the sum invested to be at least 50 million kwanza (US$230,000).
Since he took office last September, Angolan President João Lourenço has promised to try to pull in foreign investment, AFP says.
