Lisbon: The Minister of State for Economic Coordination, Jose de Lima Massano, invited Portuguese businesspeople in Lisbon to increase investment in Angola's agri-food sector to contribute to food security and economic diversification. Speaking at the 'Radar Africa - Angola's Paths' Conference, the minister emphasized the numerous business opportunities in Angola, particularly in the agricultural sector, which benefits from essential services such as energy and water.
According to Angola Press News Agency, the minister acknowledged Angola's reliance on the import of essential products, listing chicken, rice, sugar, cooking oil, and wheat as items that are of significant concern, consuming close to 20 million Euros monthly each. Massano highlighted Angola's potential to become an exporter, citing its vast arable land, abundant water, cheap energy, and young population. Progress has been made with incentive policies and measures to protect national production.
Massano also pointed to the tourism sector as a target for increased Portuguese investment, aiming for revitalization and contribution to the Gross Domestic Product (GDP). Currently, tourism contributes less than 2% to the GDP, presenting opportunities for Portuguese businesses in training and hospitality. The Angolan government has been promoting the country's tourism potential, offering visa exemptions for several countries, and privatizing 30 publicly owned hotels.
The Africa Radar Conference - Angola's Paths serves as a strategic platform for discussing the country's economic and institutional future within the African and global contexts. It aims to identify investment opportunities and reinforce Angola's role in regional integration and economic diversification. The event gathered 250 participants, including decision-makers and experts, to discuss topics such as "How companies view Angola" and "The role of institutions in promoting investment."
Angola ranks as the ninth largest customer of Portuguese goods and the 11th largest supplier to Portugal globally. In November 2025, Portuguese imports from Angola totaled approximately 58.8 million euros. Since 2023, Portugal has experienced gains in terms of trade, a trend that continued through 2024 and 2025.
