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Top 5 Sectors for Foreign Direct Investment (FDI) in Angola

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Angola

Rich in hydrocarbons, minerals and agricultural land, the Government of Angola has sought to diversify and expand private sector participation in the country’s economy

LUANDA, Angola, May 26, 2023/APO Group/ — 

Angola represents a large market potential for Foreign Direct Investment (FDI), serving as the sixth-largest economy in Africa. The country’s economy is largely driven by its oil sector, which contributes to approximately 50% of its GDP, 70% of Government revenue and over 90% of exports.

However, the potential for FDI (https://apo-opa.info/45zscQo) transcends hydrocarbons, with the Government’s stated focus on diversifying its economy and building domestic production capacity resulting in a GDP expansion of 3.2% in 2022 and a projected increase of 3.1% in 2023.

This growth, compounded by Angola’s market size and stated priorities to improve infrastructure, industrial and agricultural development, has resulted in significant growth and expansion in various economic sectors such as offshore oil and gas technology, electrical power equipment, agriculture, transportation and finance and banking.

Offshore Oil and Gas Technologies

Boasting untapped oil and gas reserves estimated at 9 billion barrels of crude oil and 11 trillion cubic feet of natural gas, the Government of Angola has sought to engage with more international firms to compete for multi-billion-dollar projects.

With the country’s oil and gas upstream market (https://apo-opa.info/435RPXt) projected to record a growth of over 1.5% between 2022 and 2027, opportunities for international investors to participate in Angola’s offshore oil and gas technologies sector include exploration (https://apo-opa.info/41Rtsf1) and development of oil and gas fields, transportation and storage of petroleum products, refinery construction and the development of associated infrastructure.

Electrical Power Equipment

As one of the Angolan Government’s highest stated priorities, increasing electric power availability to meet the increasing demand of a growing population ranks among the most prospective investment opportunities for foreign investors. The Government has instituted a range of ambitious infrastructure plans to achieve its targeted 9.9 GW of installed generation capacity by 2025.

As such, opportunities exist for international investors to participate in the development of renewable energy, substations, technologies to support distribution to end consumers and high and low voltage transmission networks, as well as maintenance, repair and operations services.

As such, opportunities exist for international investors to participate in the development of renewable energy, substations, technologies to support distribution to end consumers

Agriculture

With an abundance of arable land and climatic conditions suitable for the production of a variety of agricultural products, Angola’s agriculture sector accounted for approximately 9.5% of is GDP in 2021 and serves as the main source of income for the majority of the country’s population. Agricultural development has served as an imperative strategy for the Government to diversify its economy and strengthen production capacity in order to decrease the country’s reliance on imports.

Angola’s agriculture market is expected record a growth of 5.6% between 2017 and 2027, with the country’s Ministry of Agriculture having implemented a number of strategic policies to make the sector more competitive for international investors. Angolan authorities are eager to attract new FDI into this sector by means of privatization, rural extension programs and facilities to help fund the operations of rural agribusiness.

Transportation

As part of the country’s goals of diversify its economy, the Government of Angola has sought to increase private sector financing in its transportation sector based on an increased focus on public-private partnerships while increasing transportation connectivity to the wider sub-region. Aviation and rail serve as the highest priorities in the Government’s transportation development plans. As such, air navigation equipment and support, radar and surveillance systems, safety management, and ground maintenance and handling equipment serve as the leading opportunities for FDI in the aviation subsector. Meanwhile, signaling and control equipment, railroad maintenance and the development of passenger carriages, freight and tank carriages, and locomotives for shunting offer prospective investment opportunities in the rail sub-sector.

Finance and Banking

Improved oil prices, an easing in inflationary pressures and improved regulations and policies to reduce the risks associated with the global oil market is likely to result in increased investment (https://apo-opa.info/3q4hRLQ) into Angola’s financing and banking sector, particularly from foreign banks seeking to increase their foothold in the African market.

Following years of turbulence, Angola’s banking industry has flourished in recent decades, with the cash flow derived from oil exports serving to promote an impressive expansion of the financial sector.

Serving as the premier platform for foreign investors to participate in new trade and investment opportunities in Angola, the Angola Oil & Gas (AOG) 2023 Conference and Exhibition (https://apo-opa.info/3yWXf9D) will return to Luanda this year for its fourth edition. AOG 2023 presents a unique opportunity for stakeholders from a wide array of sectors to come together, network, and make deals happen.

Organized by Energy Capital & Power (https://EnergyCapitalPower.com/), AOG 2023 will feature high-level panel discussions and meetings as well as exclusive networking forums showcasing investment and partnership opportunities within the country’s oil and gas sector.

Distributed by APO Group on behalf of Energy Capital & Power.

Business

Sheraton Nouakchott marks the entry of Marriott International in Mauritania

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Nouakchott

As Mauritania’s cultural and economic heart, Nouakchott offers visitors a glimpse into the serene beauty and rich heritage that define this remarkable Northwest African nation

We are proud to have brought Marriott International to Mauritania with the opening of Sheraton Nouakchott, the first internationally operated and branded hotel in the country

NOUAKCHOTT, Mauritania, April 10, 2026/APO Group/ –Sheraton Hotels & Resorts, part of Marriott Bonvoy’s (www.Marriott.com) portfolio of more than 30 hotel brands, recently celebrated the opening of Sheraton Nouakchott Hotel (https://apo-opa.co/4t3YGO4), marking the entry of Marriott International into a new territory, Mauritania. Since opening its doors, Sheraton Nouakchott has, positioned itself as a new hub for business, events and leisure in the Mauritanian capital.

 

Nouakchott, the capital of Mauritania, is a coastal city where tradition and modernity meet. Nestled between the vast Sahara and the Atlantic Ocean, it serves as a gateway to the country’s breathtaking natural landscapes, from golden dunes and tranquil oases to rugged coastlines and untouched desert plains. As Mauritania’s cultural and economic heart, Nouakchott offers visitors a glimpse into the serene beauty and rich heritage that define this remarkable Northwest African nation.

Ideally located near iconic landmarks such as the Marché Capitale and the National Museum of Mauritania, as well as Nouakchott’s beaches and fishing port — and just a short distance from the desert — Sheraton Nouakchott offers an ideal base from which to discover the destination.

“We are proud to have brought Marriott International to Mauritania with the opening of Sheraton Nouakchott, the first internationally operated and branded hotel in the country. Since welcoming our first guests, the hotel has quickly established itself as a destination for both travellers and the local community. This milestone underscores our commitment to delivering exceptional hospitality experiences in emerging markets, while celebrating the culture and character of each destination,” said Sandra Schulze‑Potgieter, Vice President, Premium, Select & Midscale Brands, Europe, Middle East & Africa, Marriott International.

Local design inspiration

Traditional crafts, from wood carving to metalwork, are woven throughout the hotel’s materials and furnishings, creating spaces that feel both rooted and refined. Every detail tells a story of local artistry, heritage and place, offering guests an immersive experience inspired by Mauritania’s cultural and natural beauty.

Inspired by the legendary landmarks along the Trans‑Saharan trade route, the hotel’s design blends regional heritage with contemporary elegance. The circular ceiling of Feast restaurant draws inspiration from the Richat Structure, also known as the Eye of Africa. Earthy tones and organic materials reference the dramatic landscapes of the Adrar Mountains, while patterns inspired by Chinguetti and Oualata are reinterpreted throughout guest rooms, public spaces and Bene restaurant.

Meeting spaces echo the stone architecture of Tichitt, one of West Africa’s oldest towns and a historic caravan hub.

Guest rooms and suites with local charm

Sheraton Nouakchott features 200 spacious guest rooms and suites, including two Presidential Suites, combining contemporary comfort with subtle local touches. All rooms are equipped with the latest technology and Sheraton signature amenities, including the iconic Sheraton Sleep Experience.

The Sheraton Club offers Marriott Bonvoy Elite members and Club guests an elevated, all‑day experience, with curated food and beverage offerings, premium amenities, enhanced connectivity and a private environment designed for both productivity and relaxation.

Local flavours meet international influence

The hotel features two restaurants, a Lobby Bar and a Pool Bar. Feast, the all‑day dining restaurant, serves locally inspired and international dishes made with seasonal ingredients. Bene offers an immersive Italian dining experience in a warm, inviting setting. The Lobby Bar provides a relaxed meeting point from morning coffee to evening gatherings, while the Pool Bar offers refreshing drinks and light bites by the outdoor pool.

 

Facilities offering a resort feel in the heart of the city

Despite its central urban location, Sheraton Nouakchott delivers a resort‑like atmosphere, centred around an expansive outdoor pool. Guests can maintain their fitness routines in the fully equipped fitness centre — featuring separate floors for women and men, hammam and sauna — or enjoy the outdoor tennis court. The Sheraton Spa features three treatment rooms, offering a peaceful retreat after a day of exploration or meetings.

Meetings & events curated to perfection

Sheraton Nouakchott offers more than 2,600 square metres of flexible Meetings & Events space, including a Grand Ballroom, a Ballroom and four additional meeting rooms. A signature Sheraton Community Table sits at the heart of the hotel, providing a welcoming space for informal meetings, remote work and collaboration. A dedicated events team ensures seamless delivery from concept to execution.

Gatherings by Sheraton

In line with Sheraton’s global community‑centred approach, Sheraton Nouakchott hosts Gatherings by Sheraton, curated weekly experiences designed around enrichment, renewal and local stories. Guests and locals can take part in Mauritanian mixology sessions using local mint tea and fruits, or storytelling evenings inspired by Saharan traditions.

Distributed by APO Group on behalf of Marriott International, Inc..

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African Energy Chamber (AEC) Supports Perenco Partnership to Advance Industry 4.0 Skills in Central Africa

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African Energy Chamber

The African Energy Chamber welcomes Perenco Cameroon and Perenco Gabon’s partnership with UCAC-ICAM to launch an Industry 4.0 lab, advancing local skills development and strengthening Africa’s industrial future

JOHANNESBURG, South Africa, April 9, 2026/APO Group/ –A new partnership between Perenco Cameroon, Perenco Gabon and the UCAC-ICAM Institute in Douala to establish an Industry 4.0 laboratory marks a significant step toward aligning academic training with the evolving needs of the energy and industrial sectors. The facility will give students access to advanced automation, digital simulation and smart production technologies, helping close the gap between academic learning and the practical, industry-ready skills required across Central Africa’s industrial landscape.

 

As the voice of Africa’s energy sector, the African Energy Chamber (AEC) welcomes the initiative as a scalable model for local content development. By equipping students with Industry 4.0 capabilities, the laboratory directly supports the Chamber’s mandate to ensure greater in-country value creation and workforce participation across Africa’s energy value chain. The initiative also addresses critical skills shortages, enabling operators to increasingly rely on locally trained talent.

 

Developing local skills is fundamental to building a competitive and sustainable energy sector in Africa

The partnership underscores Perenco’s long-term commitment to sustainable development and capacity building in Cameroon and Gabon. Designed as a mini-factory, the UCAC-ICAM laboratory enables students to engage with real-world industrial tools and processes. This hands-on approach will support the development of engineers and technicians capable of contributing to key projects, including operations in the Rio del Rey Basin and infrastructure developments such as the Cap Lopez LNG terminal in Gabon.

 

Students across multiple disciplines will benefit from hands-on exposure to the lab’s advanced technologies. General Engineering students will train using robotic systems and virtual reality simulations, while Computer Science Engineering students will focus on industrial IoT and smart technologies. Process Engineering students will gain experience in automated production systems, and Petroleum program students will develop expertise in energy systems and instrumentation control. Graduates from UCAC-ICAM are being actively recruited by leading companies operating in Douala, reflecting growing demand for locally trained, industry-ready talent.

“Developing local skills is fundamental to building a competitive and sustainable energy sector in Africa,” says NJ Ayuk, Executive Chairman of the AEC. “This partnership demonstrates how industry and academia can work together to create a highly skilled workforce that will drive Africa’s industrialization and energy future. It is exactly the type of initiative needed to ensure Africans play a leading role in developing the continent’s resources.”

The UCAC-ICAM laboratory represents a strategic investment in Africa’s industrial and energy future. By strengthening local capacity, advancing technology adoption and supporting independent operators, the initiative aligns with the AEC’s broader vision of a self-sufficient and globally competitive African energy sector.

Distributed by APO Group on behalf of African Energy Chamber.

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Securing the bridge between legacy and smart

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DLMS

STS Association and DLMS User Association sign landmark Liaison Agreement to advance interoperable, secure and future-ready metering systems

CAPE TOWN, South Africa, April 9, 2026/APO Group/ –The recent Liaison Agreement between the STS Association and the DLMS User Association marks a pivotal step in the evolution of interoperable, secure and future-ready metering systems. By aligning STS token technology with the widely adopted DLMS/COSEM framework, this collaboration is set to bridge the gap between legacy infrastructure and next-generation smart metering. The partnership reflects a shared vision to enhance interoperability, strengthen smart prepayment integration, and unlock greater value across the global metering ecosystem.

 

STS Association, in partnership with ESI Africa (part of VUKA Group), and DLMS User Association, is hosting a free webinar on this topic:

Securing the bridge between legacy and smart

Thursday, 7 May 2026 | 11:00 AM – 12:00 PM

Register: https://apo-opa.co/4cfEUb5

What you will learn

Industry experts will unpack how this strategic alignment enables seamless integration between your trusted prepayment systems and advanced data exchange protocols. Attendees will gain insight into:

  • How STS tokens can be securely transported using DLMS/COSEM
  • The role of Generic Companion Profiles in enabling interoperability
  • How coordinated roadmaps will shape the future of token technology and smart metering
  • The expanding application of these standards beyond electricity into water, gas and time metering
  • Practical benefits for utilities, manufacturers and system integrators navigating the transition from legacy to smart environments

Introducing the Panel

Lance Hawkins-Dady – STSA Board Chairman

Franco Pucci – STSA Technical Consultant

Don Taylor – STSA Independent Director

Sergio Lazzarotto – DLMS User Association, President

Join STS Association and ESI Africa to explore how this landmark collaboration is securing the bridge between legacy systems and smart innovation. Discover how aligned standards can simplify integration, enhance security and future-proof your metering strategy.

Register now: https://apo-opa.co/4cfEUb5

Distributed by APO Group on behalf of VUKA Group.

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