Angola, Ghana Strengthen Bilateral Trade and Investment Through MoU

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Angolan Head of State H.E. President João Lourenҫo recently conducted a two-day diplomatic visit to Ghana whereby the two nations signed a Memorandum of Understanding (MoU) to increase economic ties through accelerated trade and investment. With Angola interested in leveraging Ghana’s mining and cocoa experience, and Ghana seeking partnerships to expand its oil and gas sector, the MoU is expected to drive cooperation, creating new trade and investment opportunities between the two nations.

The MoU seeks to address the reduction in trade between the two nations, attributed to the COVID-19 pandemic, by focusing on renewed bilateral cooperation. By identifying lucrative investment opportunities across both countries, Angola and Ghana aim to enhance strategic partnerships, driving multi-sector growth and knowledge-sharing.

Identifying suitable partners in Angola has been one of the main challenges for Ghanaian business owners and investors. According to Rui Livramento, Trade Attache at the Embassy of Angola in Ghana, “there is a high interest of Ghanaians in Angolan products, but they have difficulties in identifying Angola partners that can offer the products on a constant basis.”

Therefore, in addition to economic ties, Livramento notes that “there is a need to create an Angola-Ghana Chamber of Commerce to boost trade and allow businessmen to identify, in a more concrete way, products of common interest.” The proposed Chamber will enhance commercial partnerships, facilitate improved bilateral trade agreements, and significantly increase trade between the two nations – particularly with regards to mining, agriculture, fisheries, and hydrocarbons.

With Angola and Ghana prioritizing regional partnerships in a bid to increase trade and investment, the role of the Angola Oil & Gas (AOG) 2021 Conference emerges. Taking place on the 9th-10th of September 2021 at the Centro de Convenções de Talatona in Luanda, AOG 2021 provides the best platform for regional actors to engage with Angolan investment opportunities, directly creating the opportunity for collaboration and deal-making. This year, under the theme, Angola Oil and Gas Industry: The Roadmap to Regeneration and Growth, AOG 2021 will serve as the official meeting place for regional stakeholders.

To register for the AOG 2021 virtual networking platform, please visit www.angolaoilandgas2021.com.

To learn more about Angola’s energy investment opportunities, and to find out more information regarding sponsorship opportunities at AOG 2021, visit www.angolaoilandgas2021.com or contact sales@energycapitalpower.com.

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Zenildo dos Santos

Zenildo dos Santos

Zenildo dos Santos is a Field Editor at Energy Capital & Power. Prior to this, he was the Head of Communications for General Electric in Angola. In this role, he led communications projects and initiatives for all GE business units in-country (oil and gas, power, transportation, and healthcare). He is a Heriot-Watt. University graduate and an active #Bravuz volunteer.

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