The continent is on the cusp of a new era of prosperity as a manufacturing centre for high-tech industries and a key link in global supply chains, accordingly to a report from the United Nations trade body United Nations Conference on Trade and Development (UNCTAD).
The consulting team from LBC made a visit to the Sumbe Irrigated Perimeter, located in the province of Cuanza-Sul, in the context of pinpointing investment opportunities. On site, Gesterra managers, who oversee the administration and promotion of investment opportunities within Sumbe Irrigated Perimeter, accompanied the LBC team during the tour through the large agricultural premises. The main purpose of the visit was to gather critical information, as well as to evaluate the quality of investment prospects associated with this Integrated Project, featured on InvestAngola website.
By guaranteeing water for fertile lands in Cuanza-Sul, along with necessary equipment, this significant hub for agricultural production of cotton and native crops aims to enhance food security and income generation for families in the region, but also to contribute to Angola overall economy. The visiting team had the opportunity to explore the different areas, such as the central nucleus with its specialized infrastructures, the pumping stations and reservoirs, the electrical substation or the maintenance workshop and warehouses; and the rural village with the projection of 250 houses (with 85 agricultural social housing already concluded).
Currently the Sumbe Irrigated Perimeter houses eight communities, encompassing approximately 400 families who have begun to experimentally cultivate crops, with a particular focus on watermelon and maize.
Meanwhile, a new funding program is to be launched, as part of the cooperation agreement between Gesterra and FADA – Fundo de Apoio ao Desenvolvimento Agrário (Agricultural Development Support Fund). In this program, which aims to stimulate part of the region, 100 recent Agronomy graduates will each receive 2 hectares of land, a house, and 5 million Kwanzas.
Cuanza-Sul, May 18, 2023
A highly anticipated workshop took place on April 26 2023 at the Hotel Trópico, in Luanda. The event served as a platform to present the advancements made in the portal InvestinAngola and unveil an initial version of the much-awaited online project.
Participants engaged in interactive presentations and discussions, focusing on the project’s future steps and addressing crucial structural issues. The workshop aimed to gather valuable contributions and recommendations from all stakeholders, ensuring that the portal meets the key needs identified during the discussions.
The success of this project is expected to be amplified by the active involvement of relevant stakeholders who stand to benefit from its implementation. The workshop took place from 9h00 a.m. to 12h30 p.m. and provided a fruitful opportunity for collaboration, knowledge sharing, and the exploration of recommendations to enhance the portal’s functionalities.
Luanda, April 26, 2023
In the scope of identifying relevant investment opportunities, the consulting team from LBC embarked on a visit to the expansive PAC – Pólo Agro-industrial de Capanda (Capanda agro-industrial complex), in the province of Malanje, to explore its various areas and facilities.
The visiting team received a warm reception from the Gesterra managers, who currently oversee the management and promotion of investment opportunities within PAC. The purpose of the visit was to gather crucial information and assess the quality of investment prospects associated with this Integrated Project, featured on InvestAngola website.
During the visit, several sites were explored, including the Quizenga-Lutete Farm, the Capanda Farm, and the project’s Fish Farm Unit. This on-site assessment allowed the consulting team to gain firsthand insights into the potential of these locations and verify the promising opportunities available for investors.
Malanje, April 25, 2023
The Ministry of Economy and Planning (MEP) recently organized a workshop to introduce the Productive Investment Portal development project. This initiative, in collaboration with the African Development Bank and part of the ICBPSDP – Institutional Capacity Building for Private Sector Development Program, aims to attract national and international investments in various sectors, including agriculture, fishing, livestock, manufacturing, among others.
The workshop served as a platform for presenting the project’s objectives, discussing its implementation strategies, and engaging with key stakeholders. Attendees had the opportunity to contribute with valuable insights and provide recommendations to ensure the success of the initiative. The workshop fostered interactive discussions and facilitated collaboration among participants, emphasizing the importance of stakeholder involvement in driving the project’s effectiveness.
The main goal of the Productive Investment Portal’s concept presented is to promote economic growth, attract investments, and showcase the available opportunities in various sectors.
As Angola moves towards greater economic diversification, the Ministry of Economy and Planning remains dedicated to driving private sector development and creating a conducive environment for investment. The workshop served as a crucial milestone in this journey, laying the foundation for the Productive Investment Portal’s effective operation and positioning Angola as an attractive investment destination.
Luanda, February 2, 2023
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Angola’s social and economic progress was in the spotlight as a delegation of eight executive directors from the African Development Bank Group embarked on an official mission to the country, which provided them with a unique opportunity to gain a first-hand understanding of the bank’s impact and achievements in Angola.
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