Ver Angola

Environment

Economy Minister wants more chinese to explore agricultural land in Angola

Angola wants more chinese investors to grow agricultural products in the country that can be exported to China, said the Minister of Economy and Planning, Mário Caetano João.

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In an interview with Chinese state news agency Xinhua, the minister recalled that Angola has around 60 million hectares of arable land – almost half of the existing area in China – and a low population density, with 30 inhabitants per square kilometer.

China represents 22 percent of the world's population, but only seven percent of Chinese territory is considered arable land, according to official Chinese data.

"We have a lot of land where we would like to invite Chinese investors to grow Chinese products and export to China," Mário Caetano João said in an interview released on Tuesday.

"This will be very interesting because we have also seen that China has offered duty-free and quota-free access to Angolan goods for China", recalled the minister.

On 5 August, the Chinese ambassador in Luanda, Gong Tao, told the Angolan press that negotiations were underway for the exemption of customs tariffs on exports to China.

"We already have many Chinese companies investing in agribusiness. And even the biggest maize producer in the province of Malanje, in Angola, is Chinese", underlined Mário Caetano João, in an interview with Xinhua.

The minister pointed to agriculture as one of the key areas for the diversification of the Angolan economy, which is dependent on the oil sector.

Agricultural development will also imply large investments in infrastructure, namely in roads, electricity and water supply, and in the food processing industry, added Mário Caetano João.

The minister defended "much greater cooperation with China" in the manufacture in Angola of medicines for human and animal consumption, in "digital transformation" and in the financial sector.

Total Chinese investment in Angola has already reached 20 billion dollars, but Mário Caetano João said he would like "much higher", especially private investment.

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