José Miguel Oliveira is quoted in an article in Iberian Lawyer entitled "Angola and the road ahead". The article analyses the relationship between the Angolan and Portuguese legal services market, as well as investment opportunities for foreign investors.
At the end of 2023, the IMF predicted that the Angolan economy would grow by more than 3 per cent in 2024, but, according to José Miguel Oliveira, this projection has recently been adjusted "to growth of 2.6 per cent based on the fall in the oil sector and the slowdown in the non-oil sector to close to 3 per cent".
According to the lawyer, this adjustment took into account "the increase in inflation in 2023, driven by the devaluation of the Kwanza and the end of some subsidies".
For José Miguel Oliveira, this growth is in line with his expectations, but far from the potential that the country can achieve.
The article also explains why Portugal is considered a natural gateway for international clients doing business in Angola, in which the VdA lawyer clarifies that "in addition to the language and historical ties between the two countries, Portugal is the only country in Europe that has a Bilateral Investment and Double Taxation Treaty in force in Angola".