LUANDA — Angola is intensifying efforts to diversify its economy with fresh investments in manufacturing, agriculture, and industrial development aimed at reducing reliance on the oil sector.

Government officials say new projects are being launched to expand local production, improve value-added exports, and strengthen supply chains across key industries. The strategy is expected to support job creation and encourage greater private-sector participation.

Business analysts believe Angola's diversification agenda is attracting growing investor interest, particularly in agribusiness, food processing, logistics, and light manufacturing. Improved infrastructure and policy reforms are helping create a more competitive business environment.

Authorities have also highlighted the importance of supporting small and medium-sized enterprises (SMEs), which play a crucial role in driving innovation and economic activity. Several initiatives are focused on increasing access to financing and expanding market opportunities.

As Angola continues to broaden its economic base, investors are closely watching emerging opportunities beyond oil, positioning the country as a promising growth market in Southern Africa.