Kigali: The Minister of State for Economic Coordination, Jos de Lima Massano, stated on Friday in Kigali, Rwanda, that Angola is determined to consolidate a more predictable and competitive business environment, supported by 'structural and irreversible' reforms.
According to Angola Press News Agency, the minister, who was speaking on the 'Invest in Angola' panel on the last day of the Africa CEO Forum 2026, representing the President of the Republic, Joo Louren§o, stressed that 'the reforms underway in Angola are not temporary, they are structural and irreversible.'
A press release sent to ANGOP indicates that, in the presentation given by the Angolan delegation, the Executive highlighted the measures adopted in recent years to improve the business environment, including the simplification of administrative procedures, facilitation of business licensing, gradual liberalization of financial flows, and visa exemption for citizens of more than 100 countries.
According to Jos de Lima Massano, the objective is to create conditions for investors to find greater legal security, transparency, and institutional efficiency. He also recalled that Angola is implementing a broad privatization program, with more than 100 state-owned companies included in the process of partial or total sale, opening up space for private initiative in various sectors of the economy.
He also highlighted the sustained growth of the non-oil sector, which has registered an expansion of more than 5% per year and currently represents about 86% of national economic activity. In this context, agriculture was presented as the main contributor to the internal productive structure, surpassing the traditional weight of the oil sector.
It also highlighted factors considered strategic for private investment, including political and macroeconomic stability, the abundance of natural resources, continuous investments in infrastructure such as airports, ports, dams, water treatment plants, economic development zones, and convention centers, as well as the country's geostrategic position as a gateway to Southern and Central Africa.
The existence of a young and growing workforce was also highlighted, considered one of the main assets to support the expansion of productive activity and the industrial development of the country. Among the sectors considered priorities for private investment are agriculture and agro-industry, energy, logistics and transport, technology and innovation, as well as the manufacturing industry, areas that the Executive considers fundamental to increasing national production, reducing imports, and creating jobs.
Angola also reaffirmed its commitment to African economic integration, advocating greater regional cooperation, facilitation of intra-African trade, and the development of logistics corridors as essential instruments to accelerate the continent's growth. The session brought together more than 130 participants, including businesspeople, investors, and government representatives interested in investment opportunities in Angola, at a time when the country is seeking to consolidate the process of economic diversification and strengthen the growth of the non-oil sector.
Angolan participation in the forum was also marked by meetings between the Minister of State and African investors, international financial institutions, and business groups interested in opportunities in the national market. The Africa CEO Forum took place in Kigali under the theme "The Imperative of Scale: Why Africa Must Embrace Shared Ownership," with debates focused on the transition of African economies from fragmented growth to continental-scale competitiveness.
The city of Kigali, which hosted the forum for the third time, welcomed approximately 2,800 participants from more than 70 countries. The event was organized by Jeune Afrique Media Group in partnership with the International Finance Corporation of the World Bank Group.