EU-Angola Pact Boosts Sustainable Investment

The EU and Angola have launched the Sustainable Investment Facilitation Agreement (SIFA), the EU’s first investment facilitation agreement aimed at boosting sustainable economic growth in Angola. The SIFA seeks to enhance the investment climate by improving transparency and efficiency, supporting both foreign and local investors, and promoting sectors beyond fossil fuels, such as green energy and digital innovation. It aligns with environmental and social standards, reflecting the EU’s broader strategy to strengthen ties with Africa through investments. The agreement, signed in November 2023, represents a key step in deepening EU-Angola relations and setting a precedent for sustainable investment partnerships. Resources: https://esgnews.com/eu-angola-pact-boosts-sustainable-investment/