Published in furtherafrica.com
In the last few years, Moroccan investments are on the rise in Angola. Considering Morocco is the second-largest African investor right after South Africa, it is expected that this Moroccan trend to increase in the next few years.
In the specific case of Moroccan investment in Angola, the same has an enormous potential to rise and the top investors are preparing to increase their presence in the Angolan economy.
Investments in areas like Renewable Energy, specifically the installation of solar panels and other renewable energy devices in Huambo and Cuando-Cubango Provinces, food business and the fishing industry, are among the areas where investments are being developed by the Moroccan Investors. Morocco is also present in airline investments in Angola through Air Maroc.
Some past investments are noteworthy: in the insurance branch Saham Angola Seguros (now Sanlam Angola), was owned by Moroccan investors until the control transfer to South African Investors.
However, a large room for new Moroccan investments in Angola does exist. Both economies have large investment opportunities which guarantee the diversity of possible new investors.
Considering the prolific profile of the Moroccan Investor and the opportunities that everyday surge in Angola, it is expected that in a short period of time, the business relationship between both countries grows stronger and attract large investments that will fortify the position of Morocco as one of the stronger players in the African.
Surely, the Angolan-Moroccan partnership is worth a notable mention and will attract the attention of the economic players in the near future.