The success of the first Angola-Japan Business Forum

The success of the first Angola-Japan Business Forum

From Left to Right: Mr. Canga Xiaquivuila, Consultant to the State Secretary for Geology, H.E Mr. João Miguel Vahekeni, Ambassador of the Republic of Angola to Japan and Mr. Paulo Niva Tanganha, Consultant to the State Secretary for Mines.

Following the success of the first Angola-Japan Business Forum held in Tokyo on September 2013, the Embassy of the Republic of Angola in Japan held the second Angola-Japan Business Forum from March 9 to March 11 2015 in Angola’s capital, Luanda. Under the motto “Business Opportunities, Safe Partnership”, the event attracted nearly 300 participants including more than a hundred businesses from Japan, representing 37 companies.

The goal of the forum was to show Japanese investors the countless business opportunities that Angola offers within the National Development Plan (PND) for 2013-2017 and further down the line. Moreover, the event also aimed to facilitate and promote greater interactions between businesses, financial institutions and agencies to promote investments in both countries.

The forum was also attended by senior Angolan Government officials such as the Minister of Agriculture, the Minister of Oil, the Minister of Economy, the Minister of Industry, the Minister of Power and Water, the Minister of Hotels and Tourism, the Minister of Transport and the Minister of Geology and Mines.

During the event, Dr. Francisco Queiroz, Minister of Geology and Mines of the Republic of Angola, made a presentation about business opportunities within the mining sector, including investments in human resources, training and infrastructure. He underlined the peace and security that Angola has achieved since 2002.

Minister Queiroz also explained the National Geological Plan (PLANAGEO), a strategic instrument of the Government of the Republic of Angola which aims to map out the mineral potential of the country and consequently reduce the risks associated with investments in prospecting for mineral resources. Under PLANAGEO, significant progress has been made in the aero-geophysical surveys subprogram. At this point in time, almost 45 percent of the Angolan territory has been surveyed.

The data collected is already in the pre-interpretation phase, with some data interpreted. The aero-geophysical surveys subprogram will be completed by the end of this year. Following its completion, officials will start the geological subprogram, which involves collecting samples from potential deposit sites for geochemical analyses in the laboratories of the Ministry of Geology and Mines.

The Ministry of Geology and Mines is currently exploring the possibility of creating Mining Development Hubs in areas where PLANAGEO reveals high concentrations of minerals. These Mining Development Hubs will have the basic infrastructure necessary to support mineral exploration by private investors interested in pursuing them as business ventures.

During the second Angola-Japan Business Forum several bilateral meetings between Angolan and Japanese institutions were held. This provided an opportunity for officials of the Ministry of Geology and Mines to explain to Japanese bussinessmen that aside from investments in mineral exploration, there are also opportunities to invest in factories for manufacturing finished mined products, training centers, logistical and transportation centers in mineral exploration zones.

The Ministry of Geology and Mines will continue to maintain its communication channels for potential Japanese businesses interested in mining projects open.

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