Lisbon - The head of Standard Bank Mozambique Fáusio Mussá acknowledged Tuesday in Lisbon that the investment opportunities in Angola are good, given the current economic environment in the country.
Fáusio Mussá was speaking during a conference organised by Standard Bank for companies and businessmen interested in investing in Angola and Mozambique.
According to the official, the current economic moment in Angola allows for a future political stability, with a focus on reforms that will allow the acceleration of investments, in the oil and non-oil sector, capable of generating more diversification, sustainable and inclusive growth.
The specialist, who several times praised the efforts and performance of the Angolan Government to overcome the obstacles caused by a series of crises, said that “after the elections, the recovery of oil prices and the progress of structural reforms, associated with some fiscal prudence, will allow the stability of the economy”.
According to the source, the current infrastructure deficit is still an obstacle to development and investment, but Angola's bet was “correct”.
“Angola will maintain exchange rate stability, which will allow inflation to fall, keeping it in the two digits. It is also worth noting the bet on increasing food production, contributing to the reduction of exports”, said Fáusio Mussá.
According to the official, the growth of Angola's Gross Domestic Product will grow by 2.2% until 2025.
In turn, the representative of the Angolan Private Investment and Export Promotion Agency (AIPEX), Lello Francisco, considered Angola's fiscal situation to be “very attractive” for attracting foreign investment.
Lella Francisco recalled that in 2020 the country was fourth on the investment perspective list and that, in 2022, it moved to second place, just behind South Africa.
The meeting included, among others, the presence of the Ambassador of Angola to Portugal, Carlos Alberto Fonseca.
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