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The Free Trade Zones Act was approved in December 2020 Special economic zones (SEZ) have been a global trend over the last few decades and instrumental in achieving regional development, creating jobs and attracting foreign investment.   According to the Africa Economic Zones Organization, there were close to 189 operating SEZs in Africa in 2019, while an additional 57 were being implemented in 47 out of the 54 countries that make up the African Continent. Angola has tried its hand at SEZs to varying degrees of success. The Luanda-Bengo SEZ, created in 2009 not far from the capital, failed to deliver on its promise to diversify the Angolan economy and strengthen its industrial base to an extent. The government is currently transforming it into a free trade zone (FTZ) to double down on its efforts to kick-start the economy.

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