Business people from Brazil interested in Angola meet in São Paulo

20 September 2017

Business people from Brazil interested in doing business in Angola are meeting on Wednesday in São Paulo for the launch session of the Brazil x Angola Business Programme, which includes a panel and several lectures, reported the Brazilian press.

The programme’s organisers stressed that Angola has consistent economic growth and is located in one of the most dynamic regions of the world economy and that it has great potential to absorb industrial goods.

Businesswomen Patrícia Duarte and Kátia Teixeira recalled that Angola is already one of the three main destinations for Brazilian exports in the African continent and that the time has come to increase this relationship even more, namely in the construction of infrastructure and the sale of industrial and food products as well as cosmetics and clothing.

The most recent figures on trade between Angola and Brazil – for 2015 – showed that this year it fell to US$680 million compared to US$2.4 billion in the previous year.

Angolan state newspaper Jornal de Angola also reported that trade between the two countries amounted to US$1.440 billion, US$1.510 billion, US$1.200 billion and US$2 billion in 2010, 2011, 2012 and 2013, respectively.

Between 2002 and 2008, trade increased more than 20-fold, from US$211 million to US$4.2 billion, making Angola one of Brazil’s main partners in Africa.

Angola signed strategic partnership agreement with Brazil in 2014, which include, in addition to the support provided by the Brazilian federal government, the involvement of private Brazilian companies, including Petrobras and construction companies Odebrecht, which became the largest company in Angola, Camargo Correia, Queiróz Galvão and Andrade Gutierrez. (macauhub)