Minbos Resources signed a Private Investment Contract with AIPEX

Minbos Resources Limited (ASX: MNB) announced that it had executed its Private Investment Contract with Angola’s Agency for Private Investment and Promotion of Angolan Exports (AIPEX), approving the company’s level of investment commitment, tax incentives, and local employment for the manufacture and distribution of phosphate fertilizer in Angola. Executing an AIPEX Private Investment Contract is the final step for foreign entities planning to invest in Angola and denotes a substantial accomplishment for the company.

The Private Investment Contract is an essential accomplishment for the company as it formalizes months of negotiations related to the level of investment commitment, local employment, and tax incentives for the Cabinda Phosphate fertilizer factory situated in Development Zone D in Cabinda.

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