BUSINESS OPPORTUNITIES

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Angola is, potentially, one of the richest countries in Africa, due to its oil and other mineral reserves, to its hydroelectric resources, and to the great extensions of cultivable terrain, of which only a small part is being used. Before independence Angola was self-sufficient in foodstuffs. The country used to export bananas, coffee and sisal, of which production is now almost nonexistent. Due to the civil war agricultural production was drastically reduced. The country has depended on international help and on food imports since the middle of 1980's. Cattle breeding is another important resource.

Traditionally, Angola was self-sufficient in agricultural products but nowadays it deals a wide range of products that under the right circumstances it could easily produce itself. Angola has abundant forest resources, especially in North Kwanza and Cabinda, with potential for wood production and transformation. The ocean in Angola is very rich in fishing resources. The mining sector (petroleum, diamonds and other minerals) reveals strong growth perspectives that will certainly stimulate the advent of both upstream and downstream industries.

 

 

Areas for the establishment of industrial and agro-industrial development poles are identified in Luanda, Benguela, Huíla, Cabinda and Huambo. The Republic of Angola has a managerial class owner of a considerable patrimony, in sub-use conditions, in need of partnerships, especially the ones with easily assimilated technology. There is a significant public managerial sector in the bank branches, transportation, energy and water that might be privatised.

The year 2002 opened new perspectives, since a political-military stability has been registered, the macroeconomic atmosphere has become stable and re-configured with the liberalization of the trade of exchange value, the application of the new customs list, the reduction of airport fees, the beginning of the rehabilitation of the productive and social infrastructures program, among others.

The following programs were also planned for the following years: the replacement and consolidation of the administration of the State, the continuation of humanitarian assistance to the population, the continuity of the application of measures according to the state of the market, previously adjusted with the International Monetary Fund and World Bank, the start of the Integrated Program of Productive Re-launch, in order to consolidate the macroeconomic stability of the country, reduce the population's difficulties and decrease significantly the unemployment indexes.
 

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Source: ANIP- National Private Investment Agency

 

For more information and details on Angola's economy and business opportunities, please visit the home-page of the National Private Investment Agency of Angola:

www.iie-angola-us.org

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Die angolanische Flagge
Das angolanische Wappen

 

 

 
 
     
   
 
 
 

POLITICAL SYSTEM

 
 
 
 
 
 
 
 

THE EMBASSY OF THE REPUBLIC OF ANGOLA

 
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THE PERMANENT MISSION TO THE INTERNATIONAL ORGANIZATIONS IN VIENNA

 
   
 
 
 

THE ECONOMY OF ANGOLA

 
   
 
 
 

CONTACTS IN ANGOLA

 
 

CONTACTS IN AUSTRIA