The EU-Angola Sustainable Investment Facilitation Agreement (SIFA) officially came into force on Sunday, marking the EU's first investment facilitation agreement. SIFA aims to attract foreign investments to Angola by creating a more transparent, efficient, and predictable business environment, crucial for achieving sustainable development goals. Key measures include enhancing investment regulation transparency, promoting e-government services, and boosting stakeholder involvement. The agreement supports investments in sectors like green energy, agri-food, digital innovation, and critical raw materials, aiding Angola's economic diversification. Angola is the EU's fifth-largest investment destination in Africa, with €21.7 billion in EU investments in 2022. The SIFA aligns with the EU's broader Africa strategy, complementing the €150 billion Africa-EU Global Gateway Investment Package. A joint committee will oversee SIFA's implementation and strengthen EU-Angola investment relations. Attribution: The European Commission Subediting: M. S. Salama
