The Angolan government is launching a “Green Line” initiative aimed at expediting visas for foreign investors, according to Ivan dos Santos, Secretary of State for Economy.
Announced at the VI Portugal/Angola Business Meeting, this move seeks to foster an improved business environment and address trade imbalances.
Despite being a top destination for Portuguese exports in 2022, Angola’s imports from Portugal are not meeting expectations.
The “Green Line” seeks to facilitate foreign investment in Angola, ensuring efficient administrative processes and accessible information.
The initiative involves a streamlined visa application process for prospective investors in the Angolan market.
Additionally, an online portal is being set up to showcase georeferenced Angolan projects ready for immediate private investment.
This platform also allows for the submission of investment intentions and facilitates business transactions with national producers.
The Angolan government acknowledges the current economic challenges and is implementing various financial and fiscal measures to ensure continued growth.
Part of these measures involve reducing dependence on the import of high-demand products and boosting internal production.
The “Green Line” is among these efforts, serving as a strategic move towards supporting national production and promoting private businesses.