Development Bank of Angola (BDA) - Luanda - Angola

The Development Bank of Angola (BDA) is a key financial institution dedicated to promoting economic development and diversification in Angola. Established in 2006, the BDA was created to address the country’s need for greater investment in sectors beyond oil, which has historically dominated the Angolan economy. The bank’s mission is to provide long-term financing for infrastructure projects and support small and medium-sized enterprises (SMEs) in order to stimulate broad-based economic growth, reduce poverty, and create jobs.

One of the BDA’s main objectives is to foster economic diversification by financing projects in sectors such as agriculture, manufacturing, fisheries, tourism, and renewable energy. By reducing the economy’s dependency on oil exports, the bank aims to create a more resilient and sustainable economic structure. The BDA plays a key role in supporting the Angolan government’s long-term development strategies, including the National Development Plan (Plano Nacional de Desenvolvimento, PND), which outlines the country’s ambitions for economic growth and infrastructure modernization.

In addition to financing large-scale infrastructure projects, the BDA is focused on SME development, recognizing that small businesses are crucial for job creation and local economic empowerment. The bank provides credit lines and technical assistance to help SMEs grow and improve their competitiveness. This support is vital in a country where access to financing can be a significant barrier to entrepreneurship and business expansion.

The BDA also promotes sustainable development by funding projects that align with Angola’s goals for environmental conservation and climate change mitigation. This includes investments in renewable energy projects and infrastructure that support sustainable agriculture. By working closely with the Angolan government and international development partners, the BDA is a central figure in Angola’s economic transformation, helping to build a diversified economy that can meet the challenges of the 21st century.