Angola’s AIPEX secures $1 Billion in investments, creates 5,000 jobs in 2024

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Johannesburg — The Angola Private Investment and Export Promotion Agency (AIPEX) has announced significant progress this year, attracting more than $1 billion across 100 new projects, generating over 5,000 jobs for the local workforce. This surge in investments reflects growing international confidence in Angola’s diversified economy and signals the government’s commitment to moving beyond oil dependency​

Key investments include the modernization of the Multi-Purpose Terminal at the Port of Luanda, a $257 million project involving a partnership with investors from the United Arab Emirates. This effort aims to enhance logistical capacity, critical for boosting exports and supporting Angola’s trade ambitions​

In agriculture, the Safcomex Investment Group has allocated $60 million to poultry production, with the goal of increasing output to 30,000 chickens per day across a 268-hectare site. This initiative is designed to strengthen food security while fostering local employment​

AIPEX has also facilitated $31.5 million in investments through Unicargas Noatum Angola, aimed at improving logistics and road transport infrastructure. These developments are part of a broader effort to position Angola as a logistics hub in the Southern African region​.

In Benguela, an additional $49 million investment will boost salt production, creating 640 new jobs in the process​.

Arlindo das Chagas Rangel, Chairman of AIPEX, emphasized the importance of reinvesting profits locally to ensure sustainable growth. “Our objective goes beyond attracting investors—we need to secure a long-term cycle of reinvestment that benefits the national economy,” Rangel said during a signing ceremony in Luanda​.

The introduction of the Private Investment One-Stop Window has simplified administrative procedures, reducing red tape and making it easier for foreign and domestic investors to enter strategic sectors such as agriculture, construction, tourism, and energy. AIPEX remains committed to driving inclusive and sustainable development, contributing to Angola’s transformation into a diversified economy with robust international ties​.