Angola
Strengthening partnerships for economic diversification and prosperity
Amadeu Nunes is Angola's Secretary of State for Trade. Dr Nunes highlights the importance of partnerships for achieving economic diversification and ensuring a smooth transition from least-developed country (LDC) status.
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What is the main priority for Angola?
Economic diversification is one of our main priorities, reflected in our National Development Plan for 2023-27.
Can you give an example of how Angola is working with development partners to boost economic diversification?
We have been working closely with the United Nations Conference on Trade and Development (UNCTAD) as part of the "" programme funded by the European Union. We undertook an assessment of Angola's productive capacities. This resulted in a proposed path forward to further strengthen these capacities. We mapped out eight promising green product value chains and the support required for their development. We have also been working on strategies to promote cultural and creative industries, boost entrepreneurship, bolster trade facilitation and increase exports of fishery products and honey.
How did you go about bringing national stakeholders on board?
We set up a two-tier management system with the participation of 23 ministries and various agencies. This cooperation helped to improve policy coherence, especially in terms of integrating trade and sectoral policies. This helped improve the quality of honey and fishery products for export. It also enabled greater coordination with the private sector, academia and civil society.
What are the results so far?
Over 2,500 Angolans have received training, including in sectors with high export potential, such as agriculture and fisheries. Over 100 people received training to scale up these efforts across 18 provinces. In addition, 30 of the top-performing companies completed , which helped them increase sales and create new jobs. We have also received support on attracting sustainable investment in agriculture and developing transport infrastructure.
What's next?
Angola is on the path to graduation from LDC status. Strengthening resilience against economic shocks and addressing climate-related vulnerabilities have been priorities for the country.
We have also been working closely with development partners in ensuring a smooth graduation process. For example, , prepared by UNCTAD, covers a variety of topics – from stocktaking of economic transformation efforts to policy measures aimed at cushioning against external shocks. It also outlines challenges and opportunities for achieving a smooth transition from LDC status and possible areas to be addressed. Currently, we are working with UNCTAD in preparing our national strategy to pave the way for sustainable graduation from LDC status.
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