Angola is located on the western shore of Southern Africa is the second-largest Portuguese-speaking country in Africa and Africa’s seventh-largest country.
Rich in mineral and petroleum reserves, Angola is mainly dependent on commodity exports (primarily oil and related products). The country is committed to diversifying its economy, increasing the export value of its non-oil/extractive industries, and integrating into the global market.
The EU supports Angola towards sustainable and inclusive development in line with Angola’s long-term development vision “Angola 2050” and the EU’s Global Gateway Strategy. Our actions build on Angola’s commitment to diversifying the economy in a sustainable manner, promoting good governance, and fostering human development. Angola is the first country with which the EU signed a Sustainable Investment Facilitation Agreement to attract and expand investments while integrating environment and labour rights commitments in the EU-Angola partnership.
Team Europe in Angola brings together the EU, the European Investment Bank, France, Portugal, and the Netherlands.
The EU and Angola have a high-level partnership through the Joint Way Forward (JWF), signed in 2012, which provides a platform for dialogue and cooperation on issues of common interest. The EU allocated € 275 million in grant funding towards the partnership with Angola for the period 2021-2024. Angola also benefits from several multi-country EU programmes.
Our flagship initiatives
- Sustainable economic diversification
To contribute to Angola’s increasing exports of non-oil/extractive industries, integration with the global market, and creation of decent jobs. Team Europe support under the Team Europe Initiative on Diversification of Economy and Public Financial Management focuses on:
- Value chains: developing, transforming, upgrading selected value chains in agriculture and fisheries into a means for expanding export opportunities, creating jobs, increasing local consumption and food security.
- Trade integration: supporting Angola’s accession to the EU SADC Economic Partnership Agreement, the implementation of the Sustainable Investment Facilitation Agreement (SIFA) which will increase trade and investment between the EU and Angola. Providing capacity building and sharing best practices to foster Angola’s integration into continental and regional markets.
- Transport: investments in a strategical regional transport corridor connecting the southern region of the Democratic Republic of Congo (DRC) to the north-western part of the Republic of Zambia, ensuring seamless access to regional and global trade markets via the Port of Lobito in Angola. This collaborative effort, in partnership with the United States of America, brings together the DRC, the Republic of Zambia, the Republic of Angola, the African Development Bank, and the Africa Finance Corporation. Our collective commitment is to prioritise investments in transport infrastructure, implement trade-facilitating measures, foster economic development, and enhance transit capabilities. This comprehensive approach extends support to related sectors, aiming to stimulate inclusive and sustainable economic growth while encouraging substantial capital investment in all three African nations.
- Environment: supporting the transition to a clean, efficient, and circular economy.
- Renewable energy: supporting generation, transmission, and distribution of clean energy with the construction of infrastructure, support to regulatory framework, and the development of the private sector.
- Formalisation of the economy: strengthening the Government’s informal economy reconversion programme by expanding access to social protection, financial services and business-related trainings for businesses and vulnerable workers, especially women.
- Transparent, accountable, and effective governance
To support Angola’s governance reform and sustainable economic diversification agenda.
- Rule of Law and economic governance: strengthening the justice system (including through e-justice), combatting organised crime with focus on money laundering, corruption, and asset recovery, and supporting relevant institutions on public finance management reforms.
- Civil society: strengthening the capacity of civil society to play a role in national policy dialogues and foster citizens’ participation in governance to promote transparency and accountability.
- Human development
To improve the skills and competitiveness of the workforce, in line with market needs:
- Technical and Vocational Education and Training (TVET): equipping formal and informal Angolan workers, including women and youth, with the relevant skills and qualifications necessary to contribute to the diversification of the country’s economy.