The Secretary of State for Finance and Treasury, Ottoniel dos Santos, recently revealed that between 2023 and 2025, the Angolan government approved projects aimed at developing the blue economy worth a total of 232 billion kwanzas, of which 86% already have secured financing.
According to Ottoniel dos Santos, these investments are primarily intended to rehabilitate maritime infrastructure, strengthen coastal surveillance, and promote technical training for professionals in the sector. The initiatives are being carried out through a coordinated effort involving the Ministries of Finance, Fisheries and Marine Resources, Public Administration, Labour and Social Security, Transport, and other government entities.
Speaking at the International Conference on Fisheries and Aquaculture, organized by the Ministry of Fisheries and Marine Resources, Ottoniel dos Santos reaffirmed the government’s commitment to the sustainable development of marine resources, emphasizing the importance of new financing mechanisms and public-private cooperation to ensure the responsible use of marine assets.
He noted that the government is closely following the global evolution of the blue economy, having recently participated in the IMF and World Bank Annual Meetings, where the latest international trends in the field were discussed.
“The blue economy represents a new opportunity for Angola’s sustainable development. Looking to the sea today means recognizing its potential — not only for environmental sustainability but also for improving the living conditions of coastal communities,”
said the Secretary of State.
Among the strategic financing instruments, he highlighted Blue Bonds and Green Bonds — debt securities designed to fund sustainable projects related to the ocean and environment.
According to the government, these mechanisms attract environmentally conscious investors and offer more favorable financing terms compared to traditional instruments.
The Secretary of State stressed that issuing Blue and Green Bonds allows Angola to diversify its sources of financing and attract investors committed to sustainability, calling it a modern, responsible approach aligned with international best practices.
Tax Incentives
Ottoniel dos Santos also recalled that the Fiscal Benefits Code provides specific incentives for investments in strategic sectors and priority regions, as well as access to multilateral credit lines and other international financial support mechanisms.
According to data cited by the Ministry of Finance (MINFIN), the global Blue Bonds market is currently valued at around USD 15 billion, reflecting the instrument’s potential to support sustainable development policies.
Several African countries have already adopted this model, issuing bonds dedicated to the blue economy to fund marine conservation and sustainable economic growth initiatives.
Through these measures, the Angolan government aims to consolidate the blue economy as one of the pillars of sustainable growth, promoting good governance, innovation, and private sector participation in the country’s economic and social development.
Source: O País
