Angola is actively enhancing its investment climate through reforms and strategic initiatives, presenting numerous opportunities for investors.
Economic Growth and Diversification:
Positive Economic Trajectory: Angola’s economy is projected to grow by 2.4% in 2024 and accelerate to 2.8% in 2025, primarily due to increased oil production. The government is also focusing on diversifying the economy by developing sectors such as agriculture, fisheries, and mining.
Investment Facilitation Measures:
Policy Reforms: The Angolan government has committed to improving the investment climate, placing investment reforms at the top of its policy agenda. This includes enhancing transparency, reducing bureaucratic hurdles, and implementing investor-friendly policies to attract foreign direct investment.
EU-Angola Sustainable Investment Facilitation Agreement (SIFA): This agreement focuses on improving the business environment through measures such as increasing the transparency of investment regulations, promoting the use of e-government for authorizations, and enhancing stakeholder involvement. These initiatives benefit both foreign and local investors, especially small and medium-sized enterprises.
Strategic Partnerships:
International Collaborations: Angola is engaging with various international partners to secure financing and technical expertise for its development projects. The government is evaluating proposals from China and European entities to modernize its agriculture and industry sectors, aiming to reduce dependency on oil exports and stimulate economic diversification.