Angola

Capital: Luanda ; GDP growth (annual %) 2016 : 0.0%

  • Africa’s economic growth in 2016 was driven by East Africa

    While the continent’s major economies were hit by the fall in commodity prices in 2016, Africa retained its position as the second-fastest growing continent globally recording an average of 2.2% GDP increase, behind only South Asia, according to the African Development Bank Group (AfDB).

    Much of Africa’s increase in 2016, AfDB says, was driven by East Africa where several nations recorded “strong performances.” In general, of the continent’s sub-regions, East Africa posted the highest increase rate with 5.3%, led by Ethiopia.

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  • Africa's Infrastructure Spending Drops

    Africa's infrastructure investment spending decreased in 2016 compared 2015, according to Deloitte 2016 African construction trends statement.

    In 2016, 286 projects worth 50m and additional were being built in Africa, down from 301 in 2015. The fall in in general capital price was $51bn — from a total of $375bn in 2015 to a total of 324bn in 2016.The statement, released on Tuesday, said there were 109 projects worth a total of $140bn in Southern Africa in 2015. For 2016, project numbers had fallen to 85, worth $93bn.

    “Africa has seen a downturn in both the number and price of projects included this year, in contrast to previous years,” said Jean-Pierre Labuschagne, Deloitte Africa infrastructure and capital projects leader.

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  • Africa property offers rich pickings for the brave

    Some property pundits believe there are major opportunities for investors or companies on the continent.

    While most pundits will acknowledge that the saying “Africa is not for sissies” rings authentic at the same time as it comes to property investment , some commentators believe that there are major opportunities for investors on the continent.

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Key Facts

 

  • Africa's Relationship With China Is Ancient History

    2017/07/02

    In 2002 South Africa's Parliament unveiled a digital reproduction of a map - of China, the Middle East and Africa - that some speculated could be the initial map of the African continent. The Da Ming Hun Yi Tu - the Comprehensive Map of the Great Ming Empire - was drawn up around 1389 during the Ming Dynasty, according to historian Hyunhee Park.

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  • Climate change laws around the world

    2017/05/14

    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

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  • Angola Angola struggles with contingent liabilities

    2017/05/07

    General Information
    GDP USD102.6bn (World Ranking 59, World Bank 2015)
    Population 25 Million (World Ranking 51, World Bank 2015)
    Form of state Republic
    Head of government Jose Eduardo DOS SANTOS
    Next elections 2017, legislative
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  • Cabo Verde (Cape Verde) wants to diversify its economic relations

    2015/08/14

    Cabo Verde (Cape Verde) wants to diversify its economic relations, with particular focus on the “South-South” axis and on Angola and China, to reduce dependence on European nations, according to the Economist Intelligence Unit (EIU).

    Because of its dependence on Portugal and Italy, nations that have experienced crises in recent years affecting the tourism sector, the Cape Verdean economy lost its momentum and the government believes it can return to it by strengthening “South-South” links.

    In June, Cabo Verde and Angola signed a memorandum of considerate in Luanda to expand cooperation and bilateral investment , following a wave of Angolan investment in the archipelago, in which Isabel dos Santos, the major Angolan businesswoman, had a starring role.

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  • China’s aid is increasingly important for Angola

    2015/07/05

    China’s aid to Angola, through private projects that encourage economic diversification, has taken on an even additional significant role given Angola’s current budgetary problems, according to analysts.

    Angola’s Ministry of Finance announced late last week that conditions for lending by Chinese national banks in China to Angola had been improved, but gave assurances it had not requested a moratorium on loan repayments.

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  • Agriculture in Angola Agriculture complements mining in Lunda Sul’s economy

    2015/05/26

    The economically diversified province is further boosting key sectors to bring about more employment and increased economic prosperity 

    Following a steady and sustainable period of growth and transformation, Angola is now squarely on its feet. GDP is climbing, increased domestic production is making the country less reliant on imports, budding new business are helping to diversify the local economy, and this is all evident in the eastern province of Lunda Sul. 

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  • Public investment in Angola

    2013/11/18

    Public investment in Angola will be subject to a tighter selection process in order to make the application of funds stricter.

    The  budget execution, particularly in the public investment category, is presently subject to new internal procedures, which are considered to be stricter and include the approval of the country’s President.

    This approval is presently a requirement in additional than on stage of the bureaucratic payment processes. The measure, Africa Monitor said, is intended to increase the strictness with which public investments are made, at a time at the same time as the effectiveness of investments is seen as essential for economic diversification.

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  • Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina

    2017/07/02

    Dr. Akinwumi Adesina is focusing on five areas to achieve the African and world goals for a prosperous continent since becoming president of the African Development Bank - Africa's major public financial institution in September 2015. He was a keynote speaker at this month's Corporate Council on Africa's U.S.- Africa Business Summit in Washington D.C. and moderated a lively panel with five African government ministers. He as well received the Gene White Lifetime Succcess Award from the World Child Nutrition Foundation. This week, he was named the 2017 recipient of the World Food Prize, a prestigious honor that includes a $250,000 award. In an interview in Washington, DC, Adesina discussed the Development Bank's ambitious schedule and his vision for attracting the increase capital Africa needs. Posting questions for AllAfrica was Noluthando Crockett-Ntonga.

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  • Outlook for 2016-17

    2016/05/28

    The county (Angola) is situated in Southern Africa on the South Atlantic Ocean, with Namibia The county (Angola) is situated in Southern Africa on the South Atlantic Ocean, with Namibia and Democratic Republic of the Congo as neighbor.
    It has borders with Congo (Kinshasa) for 2511km, Congo (Brazzaville) for 201km, Namibia for 1376km and Zambia for 1110km.
    Land in Angola is narrow coastal plain rises abruptly to vast interior plateau.
    The climate is semi arid in south and along coast to Luanda in the north has cool and dry season (May to October) and hot and rainy season (November to April).
    African languages.

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