The Managing Director of the International Finance Corporation (IFC) – the financial arm of the World Bank – Makhtar Diop, will visit Angola this week to identify opportunities in agribusiness, industrialisation and real estate, with the aim of supporting the diversification of the economy, Lusa reported this Monday, 8 December.
According to a World Bank press release, Makhtar Diop will be in Angola from this Tuesday (9) to Friday (12), with meetings scheduled with the President of the Republic, João Lourenço, government entities, representatives of the private sector, business leaders and entrepreneurs.
The IFC aims to boost economic diversification and create jobs by expanding the private sector in priority areas such as agribusiness, energy and tourism, manufacturing, housing and other segments “with a view to fostering more diversified growth.”
The institution will also highlight its commitment to the National Development Plan 2023–27, focused on structural transformation and inclusive growth.
During the visit, Makhtar Diop will also travel to the Port of Lobito, one of the components of the Lobito Corridor, infrastructure that includes the railway line crossing Angola to the Democratic Republic of Congo, with future plans to connect to Zambia.
Since opening its local office in 2019, the IFC has built an investment portfolio of around 200 million dollars in Angola and plans to invest 1 billion dollars by 2032.
