AIPEX approves 600 projects as Angola steps up investment drive

 Save as PDF

Johannesburg — Angola’s Agency for Private Investment and Export Promotion (AIPEX) has approved nearly 600 private investment projects over the past five years, representing more than $21 billion in committed capital, as the country intensifies efforts to diversify its economy and create jobs.

The figures were disclosed by Arlindo das Chagas Rangel, Chairman of AIPEX, who highlighted the progress made in attracting foreign capital and improving Angola’s business environment.

According to Rangel, the approved projects are expected to generate more than 125,000 jobs, underscoring the role of private investment in supporting economic growth and expanding employment opportunities across the country.

“AIPEX has been adopting an investment facilitation-centered approach,” Rangel said, emphasizing the agency’s efforts to reduce administrative barriers and provide support to investors throughout the investment process.

The projects span several strategic sectors, including agriculture, manufacturing, logistics, tourism, energy, and information technology, reflecting Angola’s broader push to reduce its dependence on oil revenues.

The current investment portfolio includes capital from a diverse group of international markets, including China, Singapore, the United Arab Emirates, the United States, the United Kingdom, Italy, Poland, and Portugal. A significant number of projects have also been developed through partnerships between domestic and foreign investors.

Economic analysts say foreign direct investment remains one of the most important drivers of sustainable growth in Angola, particularly as the country seeks to accelerate economic diversification and strengthen its private sector.

In recent years, the Angolan government has introduced a series of reforms aimed at improving competitiveness, simplifying investment procedures, and enhancing legal certainty for investors.

For AIPEX, the results achieved so far reflect growing international confidence in Angola’s economic prospects. The agency believes that continued reforms, combined with infrastructure development and investment-friendly policies, could attract additional capital inflows in the coming years.

With a project pipeline exceeding $21 billion and the potential creation of more than 125,000 jobs, private investment is expected to remain a cornerstone of Angola’s strategy for long-term economic growth and transformation.