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Author Archives: Armanda Alexandre

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2nd Business Forum Angola-European Union

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The 2nd Business Forum Angola-European Union includes plenary sessions to present the main guidelines for action by the Government of Angola and the European Union; the signing of agreements; parallel sessions focused on the challenges and opportunities of the agri-food, fisheries, transport and logistics, green energy, digital innovation and critical and strategic raw materials sectors.

There are also spaces for meetings between businesspeople (B2B sessions) and between businesspeople and Angolan public institutions (B2G), to reinforce partnerships and knowledge about investment opportunities.

Made in Angola
The event takes place on November 17th in the Luanda-Bengo Special Economic Zone (ZEE – Zona Económica Especial), back-to-back with the Made in Angola Fair (EFA – Expo Feito em Angola), which aims to encourage, promote and encourage national production, as part of the Production Support, Export Diversification and Import Substitution Program (PRODESI), allowing Interested foreign participants should extend their stay in Luanda to learn about typical Angolan products and services.

CPLP and G20 citizens exempt from paying tourism and business visas

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Passaporte

Citizens of CPLP – Community of Portuguese Language Countries and G20 (group consisting of the world’s 19 largest economies plus the European Union) are now exempt from paying business or tourism visas for trips until 30 days to Angola, according to the Minister of State for Economic Coordination, José de Lima Massano.

CPLP consists of nine member states: Angola, Brazil, Cape Verde, Equatorial Guinea, Guinea-Bissau, Mozambique, Portugal, São Tomé and Príncipe, Timor-Leste.
The G20 is composed of 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Republic of Korea, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, United States of America) and the European Union.

This measure is part of a legislative package aimed at stimulating and revitalizing the economy. José de Lima Massano also announced measures to support exports, such as the Single Support Window for Exporters, and land access with the Single Window for Land Rights Concession, which will facilitate land access and registration. According to the minister, “there are various entities involved in the export process, not always with the necessary coordination, which sometimes leads to losing space for placing products in the domestic market, hindering the path to diversify the economy and generate foreign exchange”. Regarding commercial activities, prior authorization will no longer be required for activities that do not require a commercial license, just communication to the municipal authority. José de Lima Massano stressed that the government wants these measures to take effect as soon as possible, without specifying deadlines but setting the end of 2023 as a limit.

September 15, 2023

Site visit – Sumbe Irrigated Perimeter

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The consulting team from LBC made a visit to the Sumbe Irrigated Perimeter, located in the province of Cuanza-Sul, in the context of pinpointing investment opportunities. On site, Gesterra managers, who oversee the administration and promotion of investment opportunities within Sumbe Irrigated Perimeter, accompanied the LBC team during the tour through the large agricultural premises. The main purpose of the visit was to gather critical information, as well as to evaluate the quality of investment prospects associated with this Integrated Project, featured on InvestAngola website.

By guaranteeing water for fertile lands in Cuanza-Sul, along with necessary equipment, this significant hub for agricultural production of cotton and native crops aims to enhance food security and income generation for families in the region, but also to contribute to Angola overall economy. The visiting team had the opportunity to explore the different areas, such as the central nucleus with its specialized infrastructures, the pumping stations and reservoirs, the electrical substation or the maintenance workshop and warehouses; and the rural village with the projection of 250 houses (with 85 agricultural social housing already concluded).

Currently the Sumbe Irrigated Perimeter houses eight communities, encompassing approximately 400 families who have begun to experimentally cultivate crops, with a particular focus on watermelon and maize.

Meanwhile, a new funding program is to be launched, as part of the cooperation agreement between Gesterra and FADA – Fundo de Apoio ao Desenvolvimento Agrário (Agricultural Development Support Fund). In this program, which aims to stimulate part of the region, 100 recent Agronomy graduates will each receive 2 hectares of land, a house, and 5 million Kwanzas.

Cuanza-Sul, May 18, 2023

 

Angola’s development priorities in the spotlight during African Development Bank Group delegation visit

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Angola’s social and economic progress was in the spotlight as a delegation of eight executive directors from the African Development Bank Group embarked on an official mission to the country, which provided them with a unique opportunity to gain a first-hand understanding of the bank’s impact and achievements in Angola.

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France wants to take advantage of agricultural investment opportunities in Angola

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By the time of the French President’s state visit to Angola, Daniel Vosgien, French ambassador to Angola, said that the agricultural and agri-food sectors are key sectors in which Angola and France can work together “strengthening” the diversification of the Angolan economy and stimulating “development opportunities for French companies”.

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