ABOUT THIS COUNTRY

The Republic of Angola covers 1,247,000 km² in the western region of Southern Africa.  It is the second largest country south of the Sahara after the Democratic Republic of Congo. The country contains six major geomorphologic areas: Coastal area, marginal mountain chains, the old tableland, Zaire basin and the basins of the Zambezi and Cubango.

The oil industry is presently the backbone of the Angolan economy. Oil and fishing are the main sectors that have attracted foreign investment in recent years. The upstream oil industry is the country’s major source of foreign exchange, and oil production and its supporting activities contribute about half of Gross Domestic Product (GDP) and 90% of exports.

 

Reasons to invest in Angola:

  • The Angolan Government  is  offering  attractive  incentives  to  encourage  private  investment  in  the  non-oil  &  gas  sector ;
  • The Angolan  Government made a law that makes the investment procedure easier and less bureaucratic.
  • Angola is the third biggest market in Sub Saharan Africa, and one of its fastest growing economies
  • 2nd largest investment destination in Africa in 2014;
  • 7th largest territory in Africa;
  • 5th largest producer of diamonds;
  • 2nd largest oil and gas producing country in Africa;
  • Political and economic stability since 2002, with a stable political change in last August;
  • Angola imports 80% of capital and consumer goods;
  • Younger and growing middle class workforce;

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