Angolan president wants more investment from Japanese businessmen in agro-industry

The President of the Republic of Angola, João Lourenço, wants more Japanese businessmen to invest in the country, mainly in the agro-industrial sector.

He assured that the country has an environment of “greater transparency” today, good governance, and with clear actions to fight corruption and impunity.

Angola, assured the head of state, is implementing important reforms, aiming at becoming a country more and more open to the world, especially with a business climate more welcoming to national private investment.

Speaking on Monday, 13, at the opening of the Japan-Angola Business Forum in Tokyo, João Lourenço said that Angola is a country that respects and protects private property and healthy competition among the economic agents and defends and ensures the improvement in the international circulation of capitals, incomes, and dividends.

“We will continue to deepen the reforms initiated, especially to promote the development of the national human capital and the country’s socio-economic development,” he assured.

The Angolan leader, who went to Japan for the first time for an official visit that extends until Wednesday, invited Japanese businessmen to invest in Angola in the most diverse business opportunities.

“Angola intends to develop all sectors, but with greater emphasis on the agro-industrial sector, aiming at increasing the offer of employment, attaining self-sufficiency of goods in the domestic market, and diversifying exports,” he emphasized.

According to the Angolan Head of State, the cooperation between Angola and Japan has been based on a complementarity basis with gains for both parties and, above all, with the vision of reaching and strengthening the economic and social development of both countries.

The Governments of Angola and Japan, said João Lourenço, are working “tirelessly” in the negotiation to approve the Mutual Investment Protection Agreement, a cooperation instrument that the Angolan President hopes to see concluded during his visit.

The President, according to Lusa, also welcomed the several intentions and investment projects that Japanese companies have shown interest in developing in Angola, such as that of the Toyota Tsusho Group, which intends to install a vehicle assembly line and spare parts factory in Angola.

With information from Forbes