Angola has the strategic conditions to meet rising global demand for energy security, critical minerals and sustainable investment destinations, Minister of Mineral Resources, Oil and Gas Diamantino Azevedo said on Wednesday in Lisbon, speaking at the closing session of the fourth edition of the Doing Business Angola conference.
The minister said Angola is continuing to build a favourable investment environment underpinned by institutional reforms, regulatory stability and economic diversification. Azevedo highlighted that reforms enacted over recent years have substantially transformed the business climate — through the separation of the national concessionaire’s functions, the creation of independent regulatory bodies and the modernisation of the legal framework — strengthening transparency, legal certainty and predictability for investors.
Azevedo set out Angola’s economic diversification strategy, which keeps oil and gas as structural pillars of the economy while also expanding into mining, refining, petrochemicals and the local processing of mineral resources. The objective, he said, is to generate greater value added within the country, advance industrialisation, create skilled employment and develop new productive value chains.
International investor confidence is reflected in the continued presence of major oil companies in Angola, the return of international operators and the entry of new players into the mining sector, the minister said. He added that Angola is pressing ahead with investment in infrastructure, geological knowledge, workforce training and renewable energy, positioning the economy for the challenges of the energy transition and sustainable development. Azevedo invited both domestic and foreign investors to participate in this new phase of the country’s development across the full value chain of mineral resources, oil and gas.
Source: Mercado / Original article: mercado.co.ao
