HomeWorldTourismLESSONS FOR NIGERIA AS ANGOLAN PRESIDENT APPROVES OVER $500M INVESTMENT FOR TOURISM...

LESSONS FOR NIGERIA AS ANGOLAN PRESIDENT APPROVES OVER $500M INVESTMENT FOR TOURISM INFRASTRUCTURE

Angola’s President, João Manuel Gonçalves Lourenço, has approved over $500 million in public investment to develop integrated infrastructure in major tourism zones, including Cabo Ledo, Quicombo, and Namibe.

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Experts say the move serves as an example for Nigeria, where tourism contributes minimally to GDP, highlighting Angola’s focus on using tourism as a key driver for economic diversification. International investment consultant Julia Kleber, CEO and Co-founder of Kleber Group, has been instrumental in promoting Angola as a high-potential tourist destination in Africa.

The funding will support the Cabo Ledo Tourism Development Hub and the country’s coastal tourism corridor, covering locations such as Pipas Bay (Saco Mar), Tômbwa Bay, Três Irmãos Bay in Moçâmedes, and Quicombo Bay in Cuanza Sul Province.

The initiative has been formalized through Executive Orders No. 32/26 and 33/26, which introduce a simplified procurement process for the construction of essential public infrastructure. Planned works include access roads, water supply systems, sanitation, electricity, telecommunications, and public lighting.

These projects are part of the Planifica Turismo programme, approved last year, which outlines tourism planning and territorial organization strategies. The programme seeks to enhance accessibility, safety, urban functionality, and overall appeal in areas with strong tourism potential, creating conditions conducive to private investment.

External funding for the $500 million project will be provided by Mitsubishi UFJ Financial Group (MUFG). The government noted that insufficient infrastructure has hindered tourism development in these regions, despite strong interest from both national and international investors. Several private sector projects had been delayed due to the lack of basic facilities.

By prioritizing public infrastructure investment, the government aims to lower entry costs for investors, increase competitiveness of tourist destinations, and support sustainable tourism growth. The initiative is also expected to create jobs, boost local economies, and improve living standards for surrounding communities.

Angola has been actively promoting itself as a tourism investment hotspot. In 2025, the country was recognized as the Best Tourism Investment Destination by the Global Tourism Forum, reflecting ongoing reforms and increasing investor confidence.

This investment reinforces Angola’s commitment to planned, competitive, and sustainable tourism development, the preservation of beaches and bays, and the creation of a strategic coastal corridor to attract global tourists, with Kleber Group continuing to champion the country’s tourism potential.

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