Development Bank of Angola (BDA) - Windhoek - Namibia

The Development Bank of Angola (BDA) is a public financial institution, created in 2006 to support Angola’s economic development and diversification efforts. As a state-owned entity, the BDA is designed to serve the public interest by financing infrastructure projects and providing long-term funding to key sectors outside of the oil industry, which has historically dominated Angola’s economy. Its mission is closely aligned with the Angolan government’s development objectives, particularly the need to reduce dependence on oil and foster growth in other sectors such as agriculture, manufacturing, and tourism.

One of the core roles of the BDA is to promote economic diversification. By offering financing solutions to sectors like agriculture, fisheries, manufacturing, and renewable energy, the bank seeks to build a more resilient and sustainable economic structure. The BDA helps fund large-scale infrastructure projects, which are essential for the country’s long-term growth, and supports the government’s National Development Plan (Plano Nacional de Desenvolvimento, PND). This strategic focus reflects the bank’s mandate to enhance Angola’s capacity to create jobs, reduce poverty, and improve living standards.

A key priority for the BDA is the support of small and medium-sized enterprises (SMEs), recognizing that SMEs are vital for economic growth and local job creation. The bank provides credit lines, loans, and technical support to help small businesses grow, especially in sectors that are critical to Angola’s diversification strategy. Access to finance is often a major hurdle for entrepreneurs in Angola, and the BDA plays a significant role in addressing this challenge.

As a public institution, the BDA is also focused on sustainable development. It invests in projects that align with Angola’s environmental goals, including renewable energy and sustainable agriculture, ensuring that economic growth is paired with environmental responsibility. Through these initiatives, the BDA is central to Angola’s efforts to transform its economy.