Africa-Press – Angola. Angolan President João Lourenço highlighted on Tuesday in Dubai, United Arab Emirates, his country’s ongoing structural reforms, which have had a significant economic and social impact. These reforms are aimed at improving the business environment and attracting private investment.
Speaking at the launch of the Global Summit on Investment in Africa on the sidelines of the World Government Summit, Lourenço said that since 2019, Angola has privatized over 100 companies that were previously publicly owned. This has opened up new opportunities in the energy, transportation, and finance sectors, among others.
Lourenço also mentioned the simplification of administrative procedures through the creation of the Single Investment Window and the modernization of the legal framework to ensure greater transparency and protection for investors.
During his speech, the president presented the country’s main strategic sovereign assets available to global investors. He emphasized that Angola is one of the largest oil producers in Africa and is focusing on diversifying its energy matrix to reach 70 percent renewable energy sources by next year.
Regarding the mining sector, Lourenço said that Angola has vast resources, particularly diamonds, gold, and critical minerals, underscoring that structural reforms strengthen transparency and ensure a favorable investment environment in the sector.
The president also identified agriculture and agribusiness as priority sectors supported by government incentives to stimulate national production and food security.
In terms of infrastructure, he emphasized the Lobito Corridor, a transformative project, and the new port and airport concessions, which reinforce Angola’s position as a regional logistics hub.
João Lourenço also mentioned the focus on the digital economy, including opening the information and communication technology sector to private investment and modernizing financial services to adapt to future demands.
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