Luanda, Aug 24 – Brazilian companies are close to an agreement to develop as much as 800,000 hectares of farmland in Angola, potentially deepening agricultural investment between the two countries after delays in previous projects raised concerns in Luanda, Bloomberg news reported on Monday.
The proposed agreement, described as an “agricultural productive-investment cooperation agreement”, is expected to be signed soon, Brazil’s Secretary for Trade Promotion, Science, Technology, Innovation and Culture Alex Giacomelli said at a business event in Luanda.
According to Giacomelli, the initiative is intended to extend beyond conventional agricultural trade by bringing Brazilian expertise and technology to Angola’s farming sector and adapting them to local conditions.
“The agricultural productive-investment cooperation agreement is expected to be signed soon,” Giacomelli said, outlining the planned framework for cooperation between Brazilian businesses and Angola.
The agreement comes only weeks after Angola signalled that it could seek alternative investment partners following repeated delays in the implementation of agricultural projects. The proposed Brazilian involvement could therefore provide a new avenue for Angola to accelerate the development of its agricultural capacity.
The scale of the proposed development, covering up to 800,000 hectares, would make the initiative a significant agricultural investment if fully implemented. Beyond expanding cultivated land, the partnership is intended to help Angola develop local production capabilities through the transfer of agricultural technology and expertise.
For Angola, increasing domestic agricultural production is closely linked to efforts to strengthen food security, reduce dependence on imports and diversify an economy that remains heavily reliant on oil. For Brazilian companies, the partnership provides an opportunity to apply expertise developed in one of the world’s major agricultural economies to a large African market with substantial agricultural potential.
Giacomelli did not provide further details on the companies involved, financing arrangements or the specific crops and locations targeted under the proposed agreement.
The next key step will be the formal signing of the cooperation agreement and the translation of the proposed framework into specific investments and agricultural projects. The scale and timing of those investments will determine how quickly the planned partnership can contribute to Angola’s domestic production capacity.
