The Government of Angola highlighted on Tuesday in Dubai, United Arab Emirates, the ongoing structural reforms with significant economic and social impact, aimed at improving the business environment and attracting private investment.
Speaking at the launch of the Global Investment Summit in Africa, held alongside the World Government Summit, the Government noted that, since 2019, Angola has privatized over 100 companies previously under public ownership, opening new opportunities in the energy, transport, and finance sectors, among others.
It also emphasized the simplification of administrative procedures through the creation of the One-Stop Investment Window, as well as the modernization of the legal framework to ensure greater transparency and investor protection.
During the event, the Government presented the main strategic sovereign assets that Angola offers to global investors.
It highlighted that the country is among Africa’s largest oil producers, while also focusing on diversifying the energy matrix, with a target of achieving 70 percent of energy from renewable sources next year.
In the mining sector, it noted that Angola has vast resources, particularly diamonds, gold, and critical minerals.
The Government added that the sector benefits from structural reforms that enhance transparency and ensure an investment-friendly environment.
It also identified agriculture and agribusiness as priority sectors, supported by specific government incentives aimed at boosting domestic production and food security.
In terms of infrastructure, it highlighted the Lobito Corridor, classified as a transformative project, as well as new port and airport concessions, which strengthen Angola’s position as a regional logistics hub.
The Government also referred to the focus on the digital economy, with the opening of the Information and Communication Technology sector to private investment and the modernization of financial services to meet future demands.
Source: Angop
