In a latest interview with How we made it in Africa, Isaac Marshall, an investor at Africa-focused funding agency TLG Capital, highlighted agri-processing, tourism and marine companies as promising sectors in Angola.
1. Agri-processing for native consumption and export
Marshall is bullish on Angola’s agri-processing sector. The nation imports a big quantity of products that may very well be produced domestically. There may be additionally potential to export agricultural produce to neighbouring nations such because the Democratic Republic of Congo (DRC) and past.
2. Unlocking potential in tourism
He additionally sees promising alternatives within the tourism trade. Regardless of the nation’s various sights – similar to seashores, wildlife, and deserts – Marshall famous that Angola has by no means been really helpful to him as a vacationer vacation spot. He identified the nation’s relaxed visa insurance policies however stresses the necessity to develop important tourism infrastructure.
“The cities are stunning. The meals is unimaginable … There’s safari, there’s seashore, you could have the deserts of Namibe – such all kinds of landscapes. And there’s numerous tourism that occurs close by in Namibia, proper? However nobody is speaking about doing their safari in Angola,” he mentioned, including that the tourism trade has the potential to generate much-needed dollar-based income.
3. Marine companies alternatives
Marine companies, pushed by oil and fuel operations and transport site visitors, is one other sector that presents quite a few alternatives, based on Marshall. He highlighted the potential throughout your entire marine companies ecosystem, from ship restore to catering and meals companies for vessels.
Watch our full interview with Isaac Marshall: Why Angola is on the radar of this investor