Luanda: Angola possesses the strategic conditions to meet the growing global demand for energy security, critical minerals, and sustainable investment destinations, Diamantino Azevedo, the Minister of Mineral Resources, Oil and Gas, said on Wednesday in Lisbon. Speaking at the closing of the fourth edition of "Doing Business Angola," Azevedo said the country continues to consolidate an investment-friendly environment based on institutional reforms, regulatory stability, and economic diversification.
According to Angola Press News Agency, reforms implemented in recent years have significantly transformed the business environment by separating the functions of the national concessionaire, establishing regulatory bodies, and modernizing the legal framework, thereby enhancing transparency, legal certainty, and predictability for investors. Azevedo highlighted that Angola is pursuing an economic diversification strategy; while maintaining oil and gas as foundational sectors, the country is also focusing on mining, refining, petrochemicals, and the local processing of mineral resources.
He reaffirmed the Executive's goal of generating greater value-added within the country by promoting industrialization, creating skilled jobs, and developing new production chains. The minister also noted that international investor confidence is reflected in the continued presence of major oil companies in Angola, the return of international operators, and the entry of new companies into the mining sector.
He further mentioned that Angola continues to invest in infrastructure, geological knowledge, workforce training, and renewable energy, preparing the economy to meet the challenges of the energy transition and sustainable development. Azevedo invited domestic and foreign investors to join this new phase of Angola's development, assuring them that the country offers investment opportunities across the entire value chain of mineral resources, oil, and gas-supported by stronger institutions, stability, legal certainty, and long-term partnerships.
Now in its fourth edition, Doing Business Angola has established itself as a key platform for economic dialogue between Angola and Portugal, bringing together government officials, business leaders, investors, and institutional representatives to discuss investment opportunities, the privatization program, economic financing, innovation, and challenges facing strategic sectors-particularly energy, mineral resources, banking, and industry. The initiative, organized by Forbes frica Lus³fona and Jornal Econ³mico, aims to strengthen bilateral economic cooperation, attract private investment, and foster new business partnerships between Angola and Portugal.
