Ver Angola


Volume of business between Angola and France amounted to four billion dollars between 2020-2022

The volume of business between Angola and France amounted to around 4 billion dollars (3.7 billion euros) in the period 2020-2022, of which 2.9 billion dollars in Angolan exports to the European country.


The information was transmitted this Friday by the Minister of State and Chief of Staff of the President, Adão de Almeida, at the closing ceremony of the Angola - France Economic Forum, in which he invited French businessmen to invest and "take advantage of stability" of the Portuguese-speaking country.

Of the volume of trade in goods traded between France and Angola between 2020 and 2022, around 1.1 billion dollars (1.03 billion euros) were exports from France to Angola, he said.

Although the structure of French exports to Angola "is still largely dominated by equipment for the oil industry", he stressed, "we are beginning to witness a growing trend of diversification covering the areas of food, health, cars, consumer goods, mechanics, electricity, electronics, computers, perfumes and cosmetics".

Adão de Almeida, who was speaking at the forum to launch a production partnership between France and Angola in the agricultural and agri-food sector, in which the French President, Emmanuel Macron, also spoke, said that France "is an important ally and strategic partner" for Angola.

France "is an important ally, a strategic partner in the most different areas of diplomatic, economic and commercial life, but also in permanent dialogue on the major issues on the current global agenda", he pointed out.

"Our cooperation ties are positioned at relevant levels, considering that France is the second largest foreign investor in Angola, mainly due to investments made in the oil sector", he maintained.

As for investments, "France has also invested in diversification with a view to increasing actions in the fields of agriculture, livestock, tourism and food products as part of the Support Program for Production and Diversification of Exports and Replacement of Imports (Prodesi)".

According to the Minister of State, Angola also intends to strengthen cooperation with France in the fields of logistics, health, mainly in the production of medicines for human and animal use, equipment, finance, industry, agro-industry and civil construction.

The minister praised the holding of the forum, which brought together more than 30 French businessmen from the agricultural sector and dozens of Angolan businessmen from the sector, considering it essential that Angola succeed in its objective of increasing domestic production, achieving self-sufficiency and diversifying its exports.

"We have potential and we aspire to do much more, so among its challenges and sure of its ambition, the Angolan executive recently approved two important plans aimed at agriculture and livestock", he said.

Adão de Almeida also invited French businessmen to invest in Angola, as they had several opportunities, referring that this was the right time for them to promote business exchanges, fairs and other similar events.

"It is the right time to take advantage of the arable land that Angola has, the available water resources and the climatic conditions for agricultural production, it is the right time to take advantage of the stability that the country offers and the increasing openness to the world", he urged.

"We can do more to explore other sectors, namely in the telecommunications sector, information technologies, health, agriculture, fisheries, higher education, university cooperation and scientific research, strengthening the promotion of the French language, transport, defence, industry and energy, we can do more," he insisted.

Angola "counts on French investment that promotes sustainable and responsible development that will support diversification and improve the resilience of economies and generate prosperity for people", he concluded.

Macron, before traveling to the Presidential Palace to meet his Angolan counterpart, João Lourenço, delivered the closing speech at the business forum, highlighting that the partnership in the agricultural sector aims to build integrated ranks to ensure food sovereignty.

Among the French initiatives, there is a loan of 150 million euros, through the French Development Agency, to support the climate resilience and water security program – RECLIMAA, monitoring the revitalization of the coffee sector, an agricultural partnership agreement with French and Angolan private sector professionals, similar to an agreement signed with Cameroon last year.

A letter of intent for the sale of an earth observation satellite with Airbus Defense & Space, a memorandum of understanding for technical assistance in the water sector with Suez and a letter of intent for phase 2 of the modernization project will also be signed. of INAMET (Angolan meteorological institute), with Météo France International.


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