Guilherme: Angola optimistic on regional trade integration

Angola's National Development Planning Minister, Victor Hugo Guilherme, recently discussed the country's development strategies and regional trade integration in an exclusive interview with CNBC Africa. Despite Angola not being part of the International Development Association's (IDA) list, Guilherme highlighted how the pillars outlined by the IDA provide a valuable framework for guiding development strategies in Africa. The pillars emphasized in the IDA 21 align with Angola's vision within the National Development Plan for 2024-2027, showcasing the common struggles shared by African nations. Key areas such as access to electricity, gender equality, and job creation are not only crucial for Angola but also align with the African Union Agenda for 2063 and other United Nations development objectives. Guilherme emphasized the importance of seeking financing mechanisms that provide returns for the country, such as concessional financing from the IDA, to address common issues in Africa while managing public debt effectively. Regarding debt financing and development, Guilherme stressed the significance of transparency in managing the country's debt and combating corruption. Angola has been taking steps towards enhancing transparency and responsible resource management to support projects that align with the IDA pillars. In terms of pushing for a more harmonized position for African capital, Guilherme emphasized the need for African countries to unite and strengthen inter-state partnerships to promote integration and achieve development goals. Guilherme also highlighted the critical factors that African countries, including Angola, should consider beyond the IDA pillars. Official documents for Angola outline key factors such as partnerships with institutions in the African Union and regional projects. Initiatives like the integration of the East African States and projects like the Lubito Corridor connecting Angola with Zambia and the DRC through rail demonstrate Angola's commitment to regional integration and collaboration with other African nations. Looking to the future, Guilherme expressed optimism about Angola's and other African nations' efforts to integrate regionally. Angola is actively participating in regional groups such as the Southern African Development Community (SADC), Central Africa, and the African Union, positioning itself for increased trade and collaboration within the continent. Guilherme emphasized the importance of continued efforts towards regional integration and highlighted the progress already made in empowering women and creating better job opportunities for the youth. As Angola and other African nations forge partnerships and embrace regional trade, they aim to achieve long-term prosperity and successful development strategies.