Overview

Writing exclusively for Legal Week, PLMJ's Bruno Xavier de Pina and Ruben Brigolas explain how resource-rich Angola has taken a protectionist approach to sustainably develop its economy.

When the 27-year Angolan Civil War finished in 2002, peace brought the country the political and social stability necessary to create legal structures aimed at attracting more foreign investment to the country. Since then, the Angolan legislator has established legal and business frameworks underpinned by two main sets of rules and regulations designed to (i) attract considerable investments and know-how to the country and (ii) retain the wealth generated and the know-how that comes with it in Angola. These two items comprise the ‘Angolanisation’ principle, which is to create wealth and keep it in the country.

This article explores how and why Angolanisation has infiltrated into almost all business decisions and the best approach potential investors and companies should take.

Click 'View Briefing' for the full article.