Exciting changes have been underway in Angola since President João Lourenço took office in September 2017, with the promise of more to come. Ambitious legal reforms have been passed to facilitate private investment, safeguard competition and tackle corruption. Renewed political will to create sustainable growth and a desire to carve out a role for private investment in the future development of Angola made this a particularly fascinating time to undertake an Investor Mission to the country.
Our Investor Mission this February was a huge success and we would like to thank all those who contributed to making it such a productive visit. At this time of political change and economic restructuring, our delegation were able to meet with key decision makers including His Excellency, President João Lourenço, representatives from ten key ministries and members of Sonangol’s management team. We were honoured to have the support of the British Embassy in Angola and the Angolan Embassy in the UK and would like to warmly thank both for their continuous support and hospitality.
Angola’s economy is beginning to recover from the collapse of oil prices in 2014 and the government hopes to diversify the economy in order to insulate it against future shocks. With a return to the bond markets and a newly secured IMF loan, there are concrete signs that Angola is a country ready to harness its economic potential. This comes alongside the creation of a new private investment agency, AIPEX, and the recent Private Investment Law, both of which seek to create a more hospitable business environment for private investors.
Though the country continues to face many challenges, I hope that the success of our investor mission shows the possibilities that Angola has to offer. Thank you to our Content Partner Nurmara and our Local Partners, ADCA, Banco Angolano de Investimentos, Boston Consulting Group, BP Angola, DLA Piper Africa, Epic Sana Luanda, and the UK-Angola Chamber of Commerce for their support.
Download our Angola Invest Mission Post Trip Report via the form below: