Angola through its President João Lourenço has approved a €449 million investment to develop critical infrastructure in key coastal tourism zones, such as Cabo Ledo, Namibe, and Quicombo, financed by Mitsubishi UFJ Financial Group, Inc., a Japanese bank holding and financial services company headquartered in Chiyoda, Tokyo, Japan.
Under Executive Orders No. 32/36 and 33/26, the funds will be delivered to introduce a simplified procurement process for the design and construction of access roads, electricity, public lighting, sanitation, telecommunications and water supply to boost tourism and diversify economy.
Works will cover the areas of Quicombo Bay in Cuanza Sul, Pipas Bay in Saco Mar, Tômbwa Bay and Três Irmãos Bay in Moçâmedes, Namibe under the “Planifica Turismo” (Planning Tourism) programme approved in 2025.
The plan seeks to unlock a strategic coastal tourism corridor, reduce investor entry costs and address infrastructure gaps tha have constrained projects despite rising interest.
Angola is actively working to improve its infrastructure and tourism sector and the African country was recognised by the Global Tourism Forum as 2025’s Best Tourism Investment Destination. The Angolan government expects the initiative to strengthen competitiveness and support sustainable development, with anticipated job creation and local economic gains.
Key aspects of the investment approved in February 2026 include:
• Targeted Locations: The projects focus on the Cabo Ledo Tourism Development Hub, Quicombo Bay, Cuasza Azul, and the bays of Pipas, Saco Mar, Tômbwa Bay and Três Irmãos Bay in Moçâmedes, Namibe.
• Funding Breakdown: A €249 million tranche is dedicated to the Cabo Ledo project, while €200 million is allocated to the other coastal bay infrastructures.
• Economic Goals: The initiative aims to support the “Planifica Turismo” program approved in 2025, increase tourism’s contribution to GDP to 0.87% by 2027, and create nearly 7.000 temporary jobs.
• Strategic Context: The development is designed to reduce investor entry costs and strengthen Angola’s position as an emerging maritime tourism destination.
This investment, part of the 2023 - 2027 National Development Plan, is expected to address long - standing infrastructure gaps to attract further private investment.
Link
https://atta.travel/resource/angola-approves-449m-for-coastal-tourism-infrastructure.html
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