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UAE-Angola Cepa to Boost Trade and Investment; Projected to Hit $10bn by 2033
August 27, 2025
The UAE and Angola have signed a Comprehensive Economic Partnership Agreement (Cepa) to boost trade and investment between the two nations. The Cepa is considered to be a crucial step in the UAE’s strategy to strengthen partnerships with African countries. The agreement aims to reduce or eliminate customs duties, remove trade barriers, and open up new market and investment opportunities across various sectors. The deal is projected to increase bilateral trade to $10bn annually by 2033, create nearly 30,000 jobs, and contribute about $1bn to the GDP of both countries.
Beyond the Cepa, the nations also signed several other agreements focusing on AI, tourism, renewable energy, and finance, among others. These build on existing collaborations, like the 2021 deal on solar energy and their 2023 agreement on maritime infrastructure. For UAE, the Cepa helps in its broader economic strategy to boost non-oil trade, which has seen substantial growth. The UAE has signed 28 Cepas till date, with such Cepas contributing over $36bn last year alone.
Angola’s dollar bonds inched higher by ~1 point and have been on an uptrend since Q2. For instance, its 8.75% 2032s are up 25% since its lows in April, and currently trade at 91 cents on the dollar, yielding 10.6%.
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