The Government of Congo Brazzaville and the Board of Investment (BOI) of Mauritius have concluded arrangements for the establishment of an Investment Promotion Agency (IPA) in Congo, PANA reported.
Discussions for the setting up of the agency has been concluded between the two parties – Industrial Development and Private Sector Promotion Minister Isidore Mvouba from Congo Brazzaville and Maurice Lam, the Chairman of the BOI.
The contract, under which BOI will assist Congo to set up the agency, would span over six months.
BOI will provide the necessary framework for the setting up of the IPA in Congo Brazzaville as well as help in sustaining human capacity building in the agency.
According to the BOI, this initiative is part of the BOI’s effort to promote regional integration and improve the business climate in Africa, in addition to better positioning Mauritius as a platform for investment into the African continent