At the annual Forbes Africa Lusophone conference in Luanda, Ottoniel dos Santos cited improvements due to “fiscal discipline, tax reform, and infrastructure investment,” alongside the adaptability of Angola’s business sector to market dynamics.
The Secretary of State for Finance and Treasury emphasized the banking sector’s role in fiscal consolidation and mobilizing domestic savings. He also noted the necessity of funding job-generating sectors that add value to the economy, namely agriculture, manufacturing, housing, tourism, and renewable energy.
He further suggested that the insurance sector, pension funds, and capital markets should deepen their impact, describing them as “the silent architecture of financial sustainability,” capable of converting savings into investments and risk into security.
During his address, Ottoniel dos Santos highlighted Angola’s issuance of the first green bonds (ESG) in Sub-Saharan Africa, aimed at financing Namibe’s dams. He described the operation as “emblematic,” demonstrating that the country combines financial strength with environmental and social responsibility.
The official underscored that sustainable debt tends to carry lower costs because “the market recognizes and rewards economies that integrate sustainability into their investment decisions.”
Finally, Ottoniel dos Santos advocated for a business environment that is “stable, predictable, and trust-based,” stressing that balanced public finances, responsible credit, and business ethics are essential tools “for progress and social justice.”
