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French investments in Angola are requested to be expanded

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French investments in Angola are requested to be expanded

Luanda, Mar 3 (Prensa Latina) France is the second largest foreign investor in Angola, mainly due to the oil business, the government said, while requesting greater French participation in efforts to diversify the national economy.

During the 2020-2022 period, the bilateral exchange of goods and services amounted to about four billion dollars, of which 2,9 billion corresponded to exports to France and about 1,1 billion to Angolan imports, De Almeida informed.

As he explained, acquisitions in the French market are still dominated by the purchase of equipment for the oil industry; however, he said, a growing trend towards diversification is beginning to be observed, including food and health, automobiles, consumer goods, electricity, electronics, mechanics, computers, perfumes and cosmetics.

In the area of investment, he said, there is also a French commitment to expand ties, considering the prospects for growth in agriculture, livestock, tourism and food products.

He also underlined the interest in strengthening cooperation in the areas of logistics and health, mainly with a view to the manufacture of railway equipment and medicines for human and animal use.

French companies have open doors for ventures in finance, industry, agribusiness and civil construction, he added.

The Government recently approved a program for the promotion of grain production, mainly focusing on corn, soybean, wheat and rice, as well as a plan for agricultural development, in order to increase the availability of meat, milk and eggs, the official reminded, while valuing the possible contribution of the European country given its productive experience and scientific potential.

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