Entrepreneurs who turn the epidemic into an opportunity in Angola revive the country’s economy
With the global transportation coming to a halt due to the epidemic, we have been spending more time for outdoor activities by staying in areas close to our home. In Angola, interest in water sports, which offer a healthy life on the one hand and a unique view on the other, is increasing.
The growing interest in these sports, combined with the inadequacy of the supply chain, helped local producers benefit from this business.
As in the examples given in other sections of Business Angola, investors in Angola are very creative and entrepreneurial. Our teams met with two entrepreneurs who saw the gap in the supply chain and turned the crisis into an opportunity.
What do they have in common? Both develop and manufacture previously imported products to meet the demand in the country, and provide employment areas while satisfying customers.
The first is boat builder Rukka in the capital Luanda.
Paulo Reis, the company’s CEO, says that the difficulties experienced due to the epidemic reveal their creativity and they are able to produce very different materials and adds: “We had a year of internally satisfying, creative and high team motivation.”
Rukka in the capital manufactures canoes to order with a staff of 5 people. Within the scope of its forward-looking growth plans, it aims to develop its product range and get its hands on different vehicles such as fishing boats. Paulo Reis explains that they are looking for a larger area for his factory, which he calls negligible.
“Rukka’s priority is to meet local demand. We do our best to promote sports and tourism across the country with our products,” said the firm’s manager. says.
Rukka cooperates with sports clubs and federations for exactly this. The company is also part of a project launched to see more people in water sports across Angola.
Stating that they are also carrying out a national project called Row Angola in addition to their close connections with Luanda, Reis also states that they aim to move canoe and water sports to other parts of the country, which have high potential and great water resources.
“We thought 2020 was going to be a very difficult year, on the contrary, it was productive” The stimulation of outdoor activities by the pandemic provided the opportunity for positive movements in other sectors.
VIPR, one of the companies in the capital Luanda, produces vehicle parts such as roof racks and bumpers. The company increased the number of employees from 60 to 85 in the last year. In 2020, the rate of profit increased by around 15 percent. In addition to producing vehicle parts, it also provides services in areas such as bodywork repair, painting and electrical maintenance.
Last year was a surprising year for the company, according to Pedro Jesus, owner of VIPR: “We thought 2020 would be a very difficult year for business. But thankfully it was not. It was a very productive year for us.”
VIPR’s manager, who offers exactly the services needed by those who want to discover all the beauties of nature, said, “Those who chose to go abroad for a holiday before now spend their time in the country, discover the country. We have many hidden places and beaches waiting to be discovered. “It’s a bit challenging but adventurous to get there. We’ve also made progress at the national level in rediscovering Angola.”
Rediscovering nature seems to calm the waters for both companies now sailing forward.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.