Connect with us
Anglostratits

Business

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

Published

3 years ago

on

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.

Related Topics:
Continue Reading
Advertisement

Events

As global power structures shift, Invest Africa convenes The Africa Debate 2026 to redefine partnership in a changing world

Published

2 days ago

on

February 6, 2026

By

Debate

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation

LONDON, United Kingdom, February 5, 2026/APO Group/ –As African economies assert greater agency in a rapidly evolving global order, Invest Africa (www.InvestAfrica.com) is delighted to announce The Africa Debate 2026, its flagship investment forum, taking place at the historic Guildhall in London on 3 June 2026.

Now in its 12th year, The Africa Debate has established itself as London’s premier platform for African investment dialogue since launching in 2014, convening over 800 global decision-makers annually to shape the future of trade, finance, investment, and development across the continent.

Under the theme “Redefining Partnership: Navigating a World in Transition”, this year’s forum will focus on Africa’s response to global economic realignment with greater agency, ambition and economic sovereignty.

The Africa Debate puts Africa’s priorities at the centre of the conversation, moving beyond traditional narratives to focus on ownership, resilience and long-term value creation.

“Volatility is not new to Africa. What is changing is the opportunity to respond with greater agency and ambition,” says Invest Africa CEO Chantelé Carrington.

“This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy — so African economies can take greater ownership of their growth. Success will be defined by how effectively we turn disruption into leverage and partnership into shared value.”

The Africa Debate 2026 will provide a platform for this essential, era-defining discussion, convening leaders to explore how Africa and its partners can build more balanced, resilient and sustainable models of cooperation.

Key challenges driving the debate

Core focus areas for this year’s edition of The Africa Debate include:

This year’s edition of The Africa Debate asks how we strengthen economic sovereignty — from access to capital and investment to financial and industrial policy

Global Realignment & New Partnerships

How shifting geopolitical and economic power structures are reshaping Africa’s global partnerships, trade dynamics and investment landscape.

Financing Africa’s Future

The growing need to reform the global financial architecture, new approaches to development finance, as well as the strengthening of market access and financial resilience of African economies in a changing global system.

Strategic Value Chains

Moving beyond primary exports to build local value chains in critical minerals for the green economy. Also addressing Africa’s energy access gap and mobilising investment in renewable and transitional energy systems.

Digital Transformation & Technology

Unlocking growth in fintech, AI and digital infrastructure to drive productivity, inclusion, and the next phase of Africa’s economic transformation.

The Africa Debate 2026 offers a unique platform for high-level dialogue, deal-making, and strategic engagement. Attendees will gain actionable insights from leading policymakers, investors and business leaders shaping Africa’s economic future, while building strategic partnerships that define the continent’s next growth phase.

Registration is now open (http://apo-opa.co/46b19gj).

Distributed by APO Group on behalf of Invest Africa.

Continue Reading

Business

Zion Adeoye terminated as Chief Executive Officer (CEO) of CLG due to serious personal and professional conduct violations

Published

2 days ago

on

February 6, 2026

By

CLG

After a thorough internal and external investigation, along with a disciplinary hearing chaired by Sbongiseni Dube, CLG (https://CLGglobal.com) has made the decision to terminate Zion Adeoye due to serious personal and professional conduct violations. This process adhered to the Code of Good Practice of the Labour Relations Act, ensuring fairness, transparency, and compliance with South African law.

Mr. Adeoye has been held accountable for several serious offenses, including:

  • Making malicious and defamatory statements against colleagues
  • Extortion
  • Intimidation
  • Fraud
  • Misuse of company funds
  • Theft and misappropriation of funds
  • Breach of fiduciary duty
  • Mismanagement

His actions are in direct contradiction to our firm’s core values. We do not approve of attorneys spending time in a Gentleman’s Club. CLG deeply regrets the impact this situation has had on our colleagues and continues to provide full support to those affected.

We want to express our gratitude to those who spoke up and to reassure everyone at the firm of our unwavering commitment to maintaining a respectful workplace. Misconduct of any kind is unacceptable and will be addressed decisively.

We recognize the seriousness of this matter and have referred it to the appropriate law enforcement, regulatory, and legal authorities in Nigeria, Mauritius, and South Africa. We kindly ask that the privacy of the third party involved be respected.

Distributed by APO Group on behalf of CLG.

 

Continue Reading

Business

The International Islamic Trade Finance Corporation (ITFC) Strengthens Partnership with the Republic of Djibouti through US$35 Million Financing Facility

Published

2 days ago

on

February 6, 2026

By

ITFC

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties

JEDDAH, Saudi Arabia, February 5, 2026/APO Group/ –The International Islamic Trade Finance Corporation (ITFC) (https://www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$35 million sovereign financing facility with the Republic of Djibouti to support the development of the country’s bunkering services sector and strengthen its position as a strategic regional maritime and trade hub.

The facility was signed at the ITFC Headquarters in Jeddah by Eng. Adeeb Yousuf Al-Aama, Chief Executive Officer of ITFC, and H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti.

The financing facility is expected to contribute to Djibouti’s economic growth and revenue diversification by reinforcing the competitiveness and attractiveness of the Djibouti Port as a “one-stop port” offering comprehensive vessel-related services. With Red Sea Bunkering (RSB) as the Executing Agency, the facility will support the procurement of refined petroleum products, thus boosting RSB’s bunkering operations, enhancing revenue diversification, and consolidating Djibouti’s role as a key logistics and trading hub in the Horn of Africa and the wider region.

We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth

Commenting on the signing, Eng. Adeeb Yousuf Al-Aama, CEO of ITFC, stated:

“This financing reflects ITFC’s continued commitment to supporting Djibouti’s strategic development priorities, particularly in strengthening energy security, port competitiveness, and trade facilitation. We are proud to deepen our partnership with the Republic of Djibouti and contribute to sustainable economic growth and regional integration.”

H.E. Ilyas Moussa Dawaleh, Minister of Economy and Finance in charge of Industry of the Republic of Djibouti, commented: “Today’s signing marks an important milestone in the development of Djibouti’s bunkering services and reflects our strong and valued partnership with ITFC, particularly in the oil and gas sector. This collaboration supports our ambition to position Djibouti as a regional hub for integrated maritime and logistics services. We look forward to deepening this partnership, creating new opportunities, and leveraging collaborative programs to advance key sectors and drive sustainable economic growth.”

This facility forms part of the US$600 million, three-year Framework Agreement signed in May 2023 between ITFC and the Republic of Djibouti, reflecting the strong and growing partnership between both parties.

Since its inception in 2008, ITFC and the Republic of Djibouti have maintained a strong partnership, with a total of US$1.8 billion approved primarily supporting the country’s energy sector and trade development objectives.

Distributed by APO Group on behalf of International Islamic Trade Finance Corporation (ITFC).

Continue Reading

Trending