Ver Angola

Economy

Americans want to diversify economic presence in Angola

The United States wants to strengthen economic ties with Angola and is betting on the diversification of sectors of activity, seeking a shared “prosperity”, the US ambassador told Lusa.

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Newly arrived in the country, Tulinabo S. Mushingi assured, in an interview with Lusa, that one of the priorities of the Biden administration is "bringing prosperity to the world", a shared prosperity that benefits both the Angolan people and the American people.

"That's why we're trying to strengthen economic ties and deepen trade between the two," he said.

Currently, 63 US companies operate on Angolan soil, but the US wants to increase this presence and diversify the sectors in which it operates, in addition to the traditional "oil and gas".

"We are not only following our foreign policy, and what US companies want, but also the Angolan Government's policy, which is to diversify its economy", said the diplomat.

Telecommunications operator Africell, which has already invested 300 million dollars in Angola, should soon start operating in the country and intends to create around 6000 jobs over the next five years to challenge Unitel's hegemony, he said.

Also recent in the country are Quantem, a US capital consortium that won the tender for the construction of the Soyo refinery, in Zaire province, and Sun Africa, which is developing a photovoltaic solar project in seven provinces.

Tulinabo S.Mushingi stressed that current concerns with climate change imply the need to make the transition from fossil energies to clean energies, which "will not be easy neither in the USA, nor in other countries like Angola".

The diplomat stressed that US companies have some characteristics in common: the transfer of technology and know-how, the incorporation of local content, as well as the creation of jobs.

He also highlighted other priorities of his mission aligned with Joe Biden's foreign policy, among them the fight against covid-19, since "health security is also part of national security".

Another objective is to safeguard democracy and good governance.

"Democracy is not unique, but it has some basic principles that we must all agree on, such as freedom of expression, freedom to vote, non-violence, human rights", he listed, adding: "we cannot achieve our goals if there is no good governance".

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