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Economic Sector
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 Investors are in constant demand for a reliable source and truthful
information about investing in Angola. That's why the Embassy of the Republic of
Angola is offering investors access to impartial resources to help make informed
decisions about their investments in Angola.
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| Why your Company should be doing business in Angola!
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| Here are a dozen of good reasons |
- Angola is being increasingly seen as one of the most resource rich countries
in all of Africa
- Angola's GDP is the 2nd largest in the Southern African region.
- Angola is one of the world's biggest, yet least developed mineral treasure
troves.
- Angola is a natural transportation center for the region of Southern and
central Africa.
- The Angolan Government has made the promotion of trade and investment a priority and have
dramatically reduced barriers for foreigners .
- Foreign companies recently invested over $8 million in Angola with plans to
invest billions more.
- The Government of Angola has undertaken reform measures to stabilize its
economy and lay the foundation to make the country more investor friendly.
- Economic rehabilitation and recovery is now in the nascent stages.
- Emerging opportunities as the country moves from Aid to Trade.
- Angola has solid plans for the modernization of its infrastructure including
its communications and transportation systems.
- The Canada - Angola Chamber of Commerce and the Angolan Embassy in Canada
are available to assist Canadian businesses interested in investing in Angola.
- The Angolan government continues to strengthen its commitment to foreign
investors by abolishing state monopolies, privatizing state-owned companies and
speeding up foreign investment procedures.
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- Industries:
petroleum; diamonds, iron ore,
phosphates, feldspar, bauxite, uranium, and gold; cement; basic metal products;
fish processing; food processing; brewing; tobacco products; sugar; textiles
Electricity - production: 1.475 billion kWh (1999)
Electricity -
production by source:
fossil fuel: 32.2% hydro: 67.8% (1999)
Electricity - consumption: 1.372 billion kWh (1999).
- Agriculture - products:
bananas, sugarcane, coffee,
sisal, corn, cotton, manioc (tapioca), tobacco, vegetables, plantains;
livestock; forest products; fish.
- Exports : $7.8 billion (2000)
Exports -
commodities: crude oil 90%, diamonds, refined petroleum products, gas, coffee,
sisal, fish and fish products, timber, cotton Exports - partners: US 54%, South
Korea 14%, Benelux 11%, China 7%, Taiwan 6% (1999).
- Imports : $2.5 billion (f.o.b., 2000 est.)
Imports - commodities: machinery and electrical equipment, vehicles and
spare parts; medicines, food, textiles, military goods Imports - partners: South
Korea 16%, Portugal 15%, US 13%, South Africa 10%, France 8% (1999).
- Currency : kwanza (AOA)
Currency code: AOA
Exchange
rates: kwanza per US dollar - 17,910,800 (January 2001).
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SUPPORT TO INVESTORS INDUSTRIAL DEVELOPMENT POLES
The PDIs (" Industrial Development Poles ") are the foundation of
the re-industrialization program aimed at boosting the industrial sector. The
PDIs are strategic parcels of land with basic industrial infrastructure. They
were previously set aside SUPPORT TO INVESTORS INDUSTRIAL DEVELOPMENT
POLES and cautiously delimited
because of their worthiness in energy, water, telecommunications, access to
roads and/or railroads among other criteria.
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| For more information about regulations of doing
business in Angola click on Trade link above or simply
here «Regulations» |
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Tourism
( 4 items )
Angola offers you amazing venues for a memorable holiday.
This section covers the fun side of Angola where you can take a break
and enjoy your vacation. In Angola, you can go on a Safari, enjoy the
pristine natural beauty of the landscapes and with the atlantic coast,
you are exposed to a wide range of water sports.
Please use the links below to see why Angola can be your next holiday destination .......
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About Angola
( 7 items )
 President: José Eduardo dos
Santos
Independence: November 11, 1975 (from Portugal)
Population (July 1999E): 12 million
Population
density: 9hab/km2
Growth average: 3,3%
Life expectancy: 46,5 years
Population with
less than 15 years: 48%
Population estimated in
2008: 16,6 million
Location/Size: Southern
Africa, bordering the Atlantic Ocean (on the west), the Democratic Republic of
the Congo (on the north and east); Zambia (on the east); and Namibia (on the
south)/1,246,700 square kilometers (481,350 square miles)
MAJOR CITIES
Luanda (capital) estimated 3million of hab. in
1998;
Huambo: 400,000 in 1975,
Benguela: 340.000;
Lobito: 521.000;
Lubango: 175.000;
Malange: 193.000
Languages: Portuguese (official), over 60 local languages
including Umbundu, Kimbundu, Kikongo, Tchokwe and Ovambo
Ethnic
Groups: Ovimbundu 37%, Kimbundu 25%, Bakongo
13%
Religion: Traditional beliefs 47%, Roman Catholic 38%,
Protestant 15%
Defense (1998E): Army (106,000), Navy
(2,000), Air Force (6,000), Paramilitary Forces (15,000)
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Economic Sector