United Kingdom wants to help diversify Angola’s economy

10 October 2013

The UK government plans to diversify the economic relationship between British and Angolan companies, which have so far focused on the oil and natural gas industry, a special envoy of the UK Prime Minister said in Luanda.

Jonathan Marland, special envoy for Investment and Trade, said that new focuses included sectors such as information technology, agriculture, infrastructure, education and training, financial services and energy, all areas in which the United Kingdom has significant experience.

At the opening session of the first Angola-United Kingdom economic forum, Marland noted that the UK had significant investments in Angola and that trade relations were still based on the oil and natural gas industry.

“The Angolan government plans for Angola’s economy to no longer depend on oil and British companies have the opportunity to contribute to the country’s economic reconstruction,” he said, according to Angolan state newspaper Jornal de Angola.

Angola is sub-Saharan Africa’s third-largest economy and the UK’s third-largest export market in the region, Marland said, adding that the government was focused on supporting British companies to meet their objectives in Angola.

The 30 companies that are part of the UK’s business mission to Angola, headed up by Jonathan Marland, include Cromwell Tools Ltd, one of the largest British manufacturers of equipment for the industrial sector. (macauhub)