Angola: Report 2005

Pre Report: Angola, 30 Years of Independence

Angola, 30 years of Independence.

World Investment News is already in Angola, preparing a report on Angola\'s investment opportunities, while on November 11th Angola will celebrate 30 years of independence.


Political

Angola is excepting its 1st Legislative election in 2006 since peace has been settled down. Hopefully it will give Angolans a chance to improve their situation and give a new fresh breath.

Also government has started to adopt measures to attract foreign investment by doing investments incentives.



Economy

Economy is booming thanks to high oil prices. GDP is expected to grow by 11.6% this year.

Angola is the second largest producer of oil in Sub-Saharan Africa after Nigeria and the oil-rich South-Western African nation with 900,000 barrels a day.

Angola is one of African’s largest reserves of diamond and World’s fourth largest producer by value, averaging more or less than $700 million per year since 2000.



International

Since 2003 president Bush has included Angola on the list of countries eligible for trade preference (AGOA).

IMF agreement is moving ahead, since the state is trying to show more transparency.



Business Opportunities

Main sector: Oil and Diamonds

Sector with high potential: Agriculture, Education, Telecommunication, Industry, ...

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