Luanda: The Angolan government is set to revise its Sponsorship Law to enhance private sector participation in funding social, educational, and cultural projects, as announced by the Minister of Finance, Vera Daves de Sousa, during a session in Luanda with the National Assembly’s specialized working committees. The move is part of the discussions surrounding the draft 2026 General State Budget (OGE).

According to Angola Press News Agency, Minister Daves de Sousa emphasized the need for increased private sector involvement through sponsorship, acknowledging the current gaps in participation. She noted that the revision aims to simplify the regulation and application of the law, thereby facilitating easier engagement from the private sector.

The minister expressed the government’s commitment to accelerating this legislative process and called for the cooperation of the deputies in discussing the proposed changes. The existing patronage law in Angola sets the framework for tax incentives and state support, with a focus on promoting development across various sectors, including social, cultural, sports, educational, youth, technological, health, and information society sectors.