The Angolan government has reaffirmed its commitment to increasing the country’s electrification rate by fostering public-private partnerships, with strategic backing from the World Bank (WB).
Finance Minister Vera Daves highlighted this objective during the ANSA constituency technical meeting — comprising Angola, Nigeria, and South Africa — held with World Bank partners on the sidelines of the Spring Meetings of the WB and International Monetary Fund (IMF) in Washington, D.C.
Minister Daves stated that the government is prioritizing energy access as a key driver of growth and development.
She stressed the urgency of advancing electrification efforts through greater private sector involvement, leveraging support from the World Bank.
One of the focal initiatives under discussion is Mission 300, a World Bank-led project to accelerate electricity access.
Angola is expected to submit its official plan for the project by September. Daves noted that critical political and regulatory reforms are underway to make Angola’s energy sector more attractive to private investment.
In a separate engagement at the Spring Meetings, the Finance Minister presented Angola’s strategic vision for the Lobito Corridor during a roundtable organized by the Atlantic Council.
She described the corridor as a key engine of economic development for Angola and the broader region.
Daves emphasized the corridor’s potential to attract foreign investment, especially through a combination of tax incentives, sustainable financing mechanisms, and macroeconomic stability.
These, she said, are vital to positioning Angola as a major logistics and trade hub in Africa.
Transport Minister Ricardo D’Abreu echoed this vision, stating that Angola’s ultimate goal is to transform the Lobito Corridor into a true development axis.
“Our ambition is to create an environment that encourages investment, allowing the private sector to actively contribute to value creation, job generation, and long-term growth,” he said.
João Fernandes, a senior official from the Ministry of Energy and Water, added that the ANSA technical meeting also aimed to outline key priority projects to World Bank and ANSA members.
These projects include grid expansion, energy efficiency improvements, rural electrification, and off-grid initiatives aligned with Angola’s 2023–2027 National Development Plan.
