Large Projects in Angola

After publication of Law no. 20/1 of 20 May – the Private Investment Law (“PIL”) – and the need to adjust investments in Angola in face of the new reality created by the PIL, in particular the increase in the minimum amount of investments that can benefit from the incentives and benefits to be granted by the National Agency for Private Investment (“ANIP”) to USD 10 million, there were, however, some matters still to be regulated.