Angola Unveils $500m Coastal Tourism Overhaul Backed by MUFG Funding

72
Advertisement






Angolan President João Lourenço has approved a sweeping $500 million public investment aimed at transforming the country’s coastal tourism infrastructure and unlocking its vast seaside potential.


The directive, formalised through Executive Orders No. 32/26 and 33/26, targets integrated infrastructure development in high-potential coastal regions including Cabo Ledo, Quicombo and Namibe.


The ambitious project will be financed through external funding provided by Mitsubishi UFJ Financial Group (MUFG), marking a significant international financial partnership in Angola’s tourism drive.


Tackling Infrastructure Gaps
The investment forms a key pillar of the government’s Planifica Turismo programme, designed to eliminate one of the biggest obstacles facing international developers — the lack of basic infrastructure.


In a statement issued Wednesday, Minister of Tourism Márcio de Jesus Lopes Daniel confirmed that the upgrades will include new access roads, reliable water supply systems, sanitation networks, electricity, telecommunications and public lighting.

Advertisement


“These initiatives fall under the Planifica Turismo programme, approved last year, which sets out measures for tourism planning and territorial organisation,” the minister said.


He added that the programme aims to improve accessibility, safety, urban functionality and overall attractiveness in tourism hotspots, creating favourable conditions for private investment.


Strategic Coastal Corridor
The project spans a strategic coastal corridor covering Pipas Bay (Saco Mar), Tômbwa Bay and Três Irmãos Bay in Moçâmedes, as well as the scenic Quicombo Bay in Cuanza Sul.


Despite growing interest from domestic and international investors, the government acknowledged that inadequate infrastructure has long hindered large-scale tourism development in these areas.


The Ministry of Tourism confirmed that while several private investors have signalled readiness to launch projects, many plans have stalled due to insufficient utilities and access facilities.


Rebranding Angola’s Global Appeal
The infrastructure push follows Angola’s broader tourism reform agenda and international rebranding efforts shaped in collaboration with investment strategist Julia Kleber, CEO and Co-founder of the Kleber Group. The initiative aims to reposition Angola as a premier African tourism destination.


Angola’s recognition as the Best Tourism Investment Destination by the Global Tourism Forum in 2025 has further strengthened investor confidence.


By prioritising public infrastructure spending, the government intends to lower entry barriers for developers, boost competitiveness and ensure sustainable tourism growth that creates jobs and improves living standards in coastal communities.


With the $500 million injection, Angola is betting big on its coastline — positioning it as a catalyst for economic diversification and long-term development.

Advertisement