Persistent risks and uncertainties induce slow recovery of the economy
Salim Cripton Valá
Angola, a country in transition with huge potential
Mário Rui Lourenço Ribeiro
Managing Director of C. Woermann Angola Lda.
When we first looked at Angola 17 years ago, we made the decision to establish ourselves in this country. Even back then we could see that Angola had a different dynamic to many other African countries. Our group, with vast experience in Ghana and Nigeria, identified enormous potential in various sectors (energy, agriculture and forestry), which were already part of our expertise on the African continent. After 17 years, we can say that we do not regret having believed and invested in this country, even though we are aware that the «golden times» won’t be coming back. During the last few years, our company also had to adapt to the new market reality, which forced us to make some adjustments in our areas of activity. While the civil construction industry was booming and was, besides oil, the main engine of the Angolan economy in the years between 2007 to 2013, today the paradigms of a sustainable business are different, even when we know that we have not yet achieved a healthy diversification of the economy, for the development and sustainable growth of the country. We, as C. Woermann Angola, are now more focused on the sectors of agriculture and forestry, which have been growing in recent years. Looking at the agricultural potential of this country, with three possible harvests throughout the year, I believe that we are investing in a sector that, in recent years, has become indispensable in order to surmount the enormous costs of importing many basic products, which can be produced here. With our experience in this field and in specialised items, we hope to continue to make our contribution to a better Angola for all of us.