AS AREAS WITH THE GREATEST POTENTIAL, FIVE OF ANGOLA’S 18 PROVINCES HAVE BEEN AWARDED SPECIAL STATUS BY THE GOVERNMENT TO ENCOURAGE DEVELOPMENT. WITH MINIMUM RISK, INVESTORS CAN REAP THE BENEFITS IN THESE RESOURCE-RICH REGIONS

Above, downtown Luanda. With the right incentives, Luanda city could rival regional leaders Johannesburg and Pretoria in the tourism stakes.

Angola is comprised of 18 provinces, all of which are in need of varying degrees of development funds and foreign investment. The central government in Luanda has advocated measures to provide greater incentives for overseas money which is earmarked for areas where financing has been slow to reach.
As a result, the country’s coastal areas of Zaire, Luanda province, Namibe, Benguela and Kwanza Norte have been given special status by the government for investors willing to take a minimum amount of risk for potentially high-return opportunities.
Much of the development money that the government hopes to attract would likely go to areas such as agriculture, tourism and light industry, areas where each of the above provinces have shown the most potential.

Kwanza Norte, already the country’s leading coffee producer, has an abundance of rich land that is currently sitting idle just waiting for a foreign interest to come in and help the province increase output.
In Benguela, fishing is king. This coastal province leads all others in net-fishing production with an annual catch of some 30,000 metric tons. Investments in the sector from abroad would provide modernization techniques that would increase production even further.

The province of Namibe, with its breathtaking coast and abundance of wildlife and Iona National Park, has endless possibilities for tourism development. Meanwhile, agriculture development in Namibe–the only province to produce both grapes and olives–would require investment capital for irrigation.
The province of Zaire, which is one of the country’s least populated areas, is also one of the country’s richest in terms of natural resources such as oil, farmland and fishing. Efforts to tap into those riches, however, have been held up for lack of investment capital.

And finally, the province of Luanda, which includes the capital, is already providing hard examples of the benefits that foreign investors can achieve for their own good as well as for the people of Angola.
The country's largest industrial park is located in the province’s city of Viana, providing much needed employment and producing manufactured goods and food and beverage products for a large proportion of the nation.
And with its existing good infrastructure and facilities, Luanda province is especially ripe for investments in the tourism industry.