ANGOLA WOOS NIGERIAN INVESTORS AMID 49TH INDEPENDENCE CELEBRATION 12-11-24
By Sadiq Aminu Angolan Ambassador to Nigeria, Jose Bamoquina Zau has called on Nigerian investors to explore opportunities in its booming economy, as it commemorates 49 years of independence from Portugal.
He also announced plans to establish the Angola-Nigeria Bilateral Joint Commission early next year.
Speaking at the 49th Independence Day celebration of his country in Abuja, Ambassador Jose Bamoquina Zau, highlighted the commission’s role in strengthening economic, political, and military cooperation between both nations.
The envoy extended a personal invitation to Nigerian investors to participate in key projects across Angola.
These include investments in the Lobito Refinery, Angola’s new Luanda International Airport, the Barra do Dande Free Trade Zone, and the country’s ambitious 1,300-kilometer highway project.
Ambassador Zau praised Nigeria’s long-standing support for Angola, dating back over 60 years to Angola’s liberation struggle.
He emphasized the robust trade relations between Luanda and Lagos, and ongoing collaborations in sectors such as oil, business, and regional security.
Highlighting Angola’s evolving business climate, Zau noted recent legislation changes that improve foreign investment protections and profit repatriation.
He underscored Angola’s shift towards clean energy, with $4 billion invested in renewable initiatives aimed at producing 8 gigawatts of power by 2025.
As Angola moves forward in economic and social development, Zau expressed gratitude to Nigeria and other allies for their critical support during challenging times, including infrastructure rebuilding efforts.