12
Angola Entrepreneurship Policy Review
Table 3 - Action plan
Priority areas
Perceived gaps as identied
by the consultation process
Identied actions
Stakeholders and
supporting institutions
Policy domains
Increased number
of new MSMEs
and start-ups and
the number that
scale
• Incoherency in regulations and rules between urban
and rural areas
• Insufcient coverage of needs of different types of
entrepreneurs in regulatory system
• Existence of regulatory hurdles for the creation of
businesses
• Difcult access to regulations, no online platform
• Lack of trust in regulatory system
• Absence of direct or indirect State administrative body
that monitors regulatory initiatives related to start-ups
• Limited opportunities for trainers and entrepreneurs
for continuous learning
• Lack of advisory services entrepreneurs can tap into
on how to full regulatory requirements
• Lack of and long procedures on enforcement of legis-
lation, breach of contracts, IPR
• Heavy tax burden on MSMEs
• Lack of entrepreneurship culture as to bankruptcy
• Low quality level of entrepreneurship curricula
• Lack of new approaches to entrepreneurship educa-
tion
• Limited and not institutionalized consultation process
public-private sector on regulatory environment
• Lack of exposure of students to practical examples of
local companies and (successful) business cases and
methodologies on “training the skills”
• Heavy bureaucracy preventing access to nancial
services from banking sector
• Weak investment climate, narrow nancial markets are
the cause of non-nancing of projects, lack of tailoring
of nancial solutions to sectoral needs and absence of
a border base of nancial operators
• Low percentage of bank account holders (in 2020
less than a third % of the population has a bank
account and around 18% of SMEs have access to
nance through them)
• Low nancial literacy and digital skills
• Lack of entrepreneurial mindset and understanding in
Angola’s nancial sector with VCs shying away from
local rms
Examination of regulatory requirements for creation of
businesses
• Assess administrative process of starting a business
Removal of regulatory hurdles for creating a business
(NDP 41.4.1)
• Standardize and streamline regulatory requirements
and bureaucratic procedures, including decentral-
ization to the regions (NDP 41.4.1.10, 41.4.1.11,
40.1.1.10, 17.2.1.6)
• Introduce systematic procedures to review and
streamline business creation requirements in terms
of number of licenses, procedures and administrative
fees (NDP 41.4.1, 41.4.1.8, 40.1.1.8)
• Set up consultation body between public-private
sector to monitor reforms, allowing for permanent
dialogue (NDP 41.4.1.7, 41.4.1.8)
• Introduce fast-track mechanisms by eliminating hur-
dles, reduce delays (NDP 41.4.1.1)
• Introduce scal incentives for MSMEs to help them in
rst years of existence (NDP 40.1.1.6)
• Reinforce one-stop-shops, both physical and virtual
with services sector and size of enterprise specic,
including, for online registration procedures (for ex-
ample UNCTAD’s online Business registration) (NDP
41.4.1.3, 41.4.1.4, 40.1.1.10)
Increase entrepreneurs’ condence in regulatory
environment
• Strengthen regulatory enforcement and compliance
(NDP 41.4.1)
• Ensure easy access to updated regulatory informa-
tion, and submission deadlines, off-line and through
online platforms (NDP 41.4.1, 17.2.1.2, 17.2.1.6)
• Put in place tutorials for entrepreneurs on how to
comply with regulations (NDP 41.4.1)
• Speed up procedures and processes related to con-
tract breaches from business relations between busi-
nesses and the State (NDP 41.4.1)
• Enhance enforcement procedures related to small
contractual breaches (NDP 41.4.1)
INAPEM, MEP, MJDH,
IPR Ofce, Chamber
of Commerce, Angola
Business Confederation,
Acelera Angola, with
inputs from Ministries in-
volved in sectors in which
MSMEs and start-ups
operate, one-stop-shops,
Finance sector
Optimizing regula-
tory framework