The importance of a diverse economy

Energy company Poliedro has recognized the need to explore new industries like mining and logistics

The economy in Angola has long been dependent on the thriving oil and gas industry and while the sector continues to be a substantial contributor to the country's GDP, the emergence of agriculture, fisheries and mining has played an important role in helping the economy to recover since the COVID-19 pandemic.

With the government keen to see the continued diversification of the economy so that there is less of a reliance on the oil and gas industry, even companies that have traditionally focused on the energy sector are beginning to explore new industries.

One such company is Poliedro, which initially focused on the oil sector but has gradually begun to explore new revenue streams and is planning to diversify its operations in the decade ahead.