22 August 2018

Angola Seeks Strengthened German Investment

Luanda — Several German companies have business in Angola in varied fields, such as in the areas of industry, telecommunications, energy, civil construction, building inspection and equipment supply for oil firms, whose presence the Angolan President, João Lourenço, seeks to see bolstered.

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Germany has supplied electrical equipment to Angola

The Angolan Head of State, who is since Wednesday making an official two-day visit to Germany, has on the top of the agenda to strengthen the presence of companies from that European country in Angola.

The Angolan leader - who has already made state visits to France and Belgium since he took office in 2017 - now seeks German investment to contribute to Angola's economic diversification process, with a view to reducing the country's dependence on oil.

In Berlin, João Lourenço is due to attend the opening ceremony of the Seventh Angola-Germany Economic Forum, whose goal is to make possible the entrance of new companies in Angola.

The forum will also seek to bolster the presence of firms already operating in Angola such as Voith Hydro, Siemens, Bauer, Bosch, Megger and Gauff Engineering.

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