The Angolan President, João Lourenço, today invited Norwegian businessmen to invest in Angola and to “embrace” the enormous business opportunities that the country offers, guaranteeing “stability, security and healthy competition” among market agents.
“I invite the Norwegian private sector to embrace the enormous business opportunities that our country offers and, thus, be able to take advantage of the prevailing stability and security environment in Angola and the high potential for profitability that business offers in our country”, he said. João Lourenço, in Oslo.
The Angolan President, who was speaking at the Angola-Norway Business Forum, where he is making his first official visit, considered the meeting a “good opportunity” to deepen dialogue and exchange views on investment opportunities in both countries. countries.
The Norwegian blue economy “has a very important weight in the process of creating wealth in this country and in its exports. Angola can learn a lot from the Norwegian experience, mainly in the use of natural resources”, he stressed.
“We intend to strengthen our friendly relations with Norway and lay the foundations for a strategic cooperation between the two countries, so that both parties obtain the greatest benefits from this cooperation, for the good of our respective peoples”, he stressed.
João Lourenço assured Norwegian businessmen that his executive had taken “very important steps” over the last five years, in the sense of making the country an increasingly attractive space for attracting foreign investment.
Building a strong and sustained economy, an economy that is increasingly less dependent on oil resources, he assured, “is the goal we pursue”.
“For this reason, our government action has been focused on deepening the foundations of a democratic State of law, where there is no impunity for acts of corruption and practices of nepotism and influence peddling”, he pointed out.
“We are building a State that presents high levels of transparency in the management of the public purse, where equal opportunities for all citizens and healthy competition between market agents are preserved”, he noted.
Regarding the Angolan economy, João Lourenço recalled that the country “finally emerged” from a long period of economic recession in 2021, achieved “thanks to strong growth in the non-oil sector”.
Angola wants to consolidate and deepen this new growth paradigm for the country, whose Gross Domestic Product (GDP) in the first half of 2022 grew by 3.2%, with the non-oil sector as the main actor.
The Angolan head of state also presented, in his speech, the valences of the Privatization Program (ProPriv), underway in the country, referring that it constitutes a great opportunity for a “fruitful and highly profitable cooperation” between Angolan and Norwegian entrepreneurs .
“In this effort to create a strong and diversified economy in Angola, we want to attract investors from Norway who bring to our country not financial capital and advanced technology, but who bring above all the know-how that allows us to diversify and grow quickly. and efficiency to our production of goods and services”, pointed out João Lourenço.
“Norwegian investments in Angola outside the oil sector are still not very significant. We want Norwegian companies to be involved in other sectors of our economy, to help Angola diversify its production base more quickly and efficiently”, he said.
In view of the serious food crisis that the world is facing as a result of the war in Ukraine, maintained João Lourenço, Angola can play an important role as an exporter of food products such as wheat, rice, corn, beans, soy and beef , “if the necessary investments are made to obtain good results in the short-medium term”.
“We are therefore taking advantage of this opportunity to invite all those companies and entrepreneurs who want to bet and invest in agribusiness in Angola”, the Angolan President also advocated.