ANGOLA Trends and Developments Contributed by: José Miguel Oliveira, António Caxito Marques, Caio de Mello Ferreira and João Saiago Canjeque, VdA
VdA (with PRIME Advogados) Rua Dom Luís, 28 1200 151 Lisboa Portugal Edifício Torre X Rua Manuel Fernandes Caldeira, N.º 5, 9.º D Coqueiros, Luanda Angola
Tel: +351 21 311 3400 Fax: +351 21 354 0325 Email: jmo@vda.pt Web: www.vda.pt
Angola’s maritime sector is of strategic importance due to Angola’s extensive Atlantic coastline, which stretches for more than 1,600 km. Since the coun - try’s independence in 1975, Angola’s economy has evolved, with the maritime sector playing a vital role in trade, transportation and the exploitation of natural resources, especially oil and gas. The country’s geo - graphical location facilitates links between Africa and the rest of the world, making Angola a reference point in international trade. Angola is one of the largest oil producers in Africa, and its maritime industry has been fundamental for the transportation of crude oil and derived products. In addition, the Port of Luanda and other strategic ports, such as Lobito and Cabinda, play a central role in the country’s international trade, facilitating imports and exports of various products. The following are among the main trends and developments in the country. The Port of Luanda Angola’s ports are strategically located along the southern Atlantic coast of Africa, with direct access to shipping routes connecting to the Americas, Europe and Asia. The Port of Luanda, Angola’s capital city, is the larg - est and busiest port in Angola, handling more than 80% of the country’s imports and exports. The port is currently being expanded, with a new container terminal under construction, which is expected to
increase the port’s handling capacity and boost its competitiveness in the region. The Port of Luanda is Angola’s largest logistics platform and the main gate - way for goods to and from the country. It has a general cargo terminal, a multipurpose terminal, a container terminal, a support base for oil-related activities, a multi-use terminal, a fuel terminal, and a passenger terminal that connects Luanda, Soyo and Cabinda. The port’s management model is Landlord Port, where private entities regulate and oversee the operation of the terminals, which is in turn monitored by Empre - sa Portuária de Luanda (a public company). Back in 2021, DP World signed a 20-year concession agree - ment with the government of Angola to operate the multipurpose terminal at the Port of Luanda. Under the concession terms, DP World committed to invest USD190 million over the concession period and use said monies to rehabilitate the existing infrastructure, acquire new equipment and increase the terminal’s throughput to 700,000 TEUs/year. The Port of Lobito and the Corridor of Lobito The Port of Lobito is the second-largest port in Angola and serves as a significant entry and exit point for imported goods and commodities exports. It is cur - rently undergoing a substantial modernisation pro - cess, including expansion and development of its con - tainer terminal to handle larger vessels and increase its capacity. Recently, Africa Global Logistics and the Port of Lobito signed a concession contract whereby the latter has agreed to invest EUR100 million to turn
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