Doing Business in Angola

Subject (Course): International Trade and Business in Angola (Africa). Luanda.

Syllabus:

1. Introduction to the Republic of Angola (Central Africa).
2. Doing Business in Luanda.
3. Angolan economy:
   - Mineral resources
   - Diamonds
   - Oil
4. Isabel dos Santos (the richest women in Africa)
5. International Trade of Angola.
6. Transport and Logistics in Angola.
7. Port of Luanda and Port of Lobito
8. Foreign Direct Investment (FDI) in Angola.
9. Case Study:
   - Angola Telecom. Sonangol.
   - National Diamond Company of Angola
10. Introduction to Portuguese
11. Access to the Angolan Market
12. Business Plan for Angola

Objectives of the subject "Doing Business in Angola":

1. To analyze the Angolan economy and foreign trade
2. To evaluate business opportunities in Angola
3. To explore trade relations with the student's country
4. To know Angola's Free Trade Agreements (FTAs)
5. To examine the profile of Angolan Companies
6. To develop a business plan for the Angolan Market

Sample of the subject - Doing Business in Angola

Subject Description: Foreign Trade and Business in Angola:

Angola is the second-largest African oil exporter (after Nigeria).

Angola is an African frontier market.

Angola is the largest Central African market

The Republic of Angola:

Angola is the largest market in Central Africa.

1. Angola is the fifth largest country in Sub-Saharan Africa, with an area of 1,246,700 square kilometers and with an Atlantic marine line 1,650 kilometers.
2. Angola's territory is located on the western coast of Southern Africa
3. Borders of Angola: the Democratic Republic of the Congo, the Republic of the Congo, Namibia, and Zambia.
4. Angola was a Portuguese colony (500 years). Independence on November 11, 1975.
5. Angolan population: 20 million people
6. Religion in Angola: Christianity (16 million) - Catholicism

Angola belongs to the Central African Economic Area of the African Civilization.

Angolan economy:

1. The economy of Angola (Africa) depends on the oil sector (1% of the workforce of Angola).
2. Angola is an African frontier market.
3. Angola is the largest market in Central Africa.
4. One of the fastest growing economies in the World
5. Population (20 millions of people) is an essential element of economic growth
6. Teal gross domestic product of Angola growth was 3,4%
7. Angolan economy is predominantly agricultural
8. Top agricultural products: coffee, sugarcane, sisal, corn, coconut oil and peanut
9. Angola is rich in minerals, such as diamonds, oil (largest African exporter), iron.
10. Huge deposits of copper, lead, phosphate, salt, gold, silver, and platinum.
11. The main Angolan industries are oil, cereals, meat, cotton, sugar, beer, cement and wood.
12. Ministry of Tourism reported the entry of 194. 326 tourists from Portugal, South America, France, Brazil, the United Kingdom, and the United States, which spent $ 97 million.

OIL SECTOR IN ANGOLA

1. With a production of 750,000 barrels per day, Angola is the second-largest producer in Africa (after Nigeria).
2. Analysts point to a production of 1,000,000 barrels per day in the coming years.

Advantages of Angola.

1. A strong Government engagement in applying economic and political reforms, leading to a free-market economy;
2. Respect for private property and legal guarantees for investors;
3. Flexible economic regulation;
4. One-stop-shop business and foreign direct investment aid and support international bureau
5. Abundant, available labor and skilled young people;
6. Accessibility of raw materials and energy resources (natural gas);
7. Strategic location (regional African markets);

Foreign direct investment (FDI) in the Republic of Angola is governed by LAW no.11/03 of 2003.

1. The National Private Investment Agency is the institution responsible for international promoting, coordinating, implementing and regulating foreign direct investment policies in Angola.
2. To bring foreign direct investment into Angola total development, the Government of Angola has defined a policy of preference on foreign direct investment (FDI), which will increase the export of products while replacing or reducing imports.

Sectors on which the Government is focusing:
- Agriculture and livestock, and food products;
- Mining;
- Fisheries;
- Light industry;
- The industrial materials for construction and public works.

Angolan Foreign Trade:

Angola imports (products and services): 5 million USD. Largest Angolan imports:

1. Machinery and electrical equipment
2. Vehicles and parts
3. Medications
4. Food
5. Textiles
6. Sugarcane
7. Cofee
8. Sisal
9. Corn
10. Cotton
11. Cassava root
12. Snuff
13. Vegetables
14. Livestock
15. Fish and fishery products

Angola exported 14.5 million USD (FOB). Largest Angolan exports:

1. Oil and derivates
2. Diamonds
3. Gas
4. Coffee
5. Sisal
6. Fish and fishery products
7. Wood
8. Cotton

Largest ports of Angola: Port of Lobito and Port of Luanda.

Nearest foreign port (Southern provinces on Angola): the Port of Walvis Bay (Namibia). Via the Trans-Cunene Corridor

Trans-African Highway crossing Angola:

1. Beira-Lobito Corridor
2. Tripoli-Windhoek Corridor
3. Lobito Corridor

Angola's Preferential Access and Free Trade Agreements (FTA):

1. Economic Community of Central African States (ECCAS)
2. Southern African Development Community (SADC)
3. COMESA-EAC-SADC Tripartite Agreement
4. Generalized System of Preferences (GSP)
5. Cotonou Agreement
6. African Growth and Opportunity Act (AGOA)

Angola is a member of:

1. International Conference on the Great Lakes Region
2. Forum Africa-China
3. Forum Africa-India
4. Free Trade Agreement (FTA) with India
5. New Partnership for Africa's Development (NEPAD)
6. African Union (AU)
7. African Development Bank
8. Afro-Arab cooperation - Arab Bank for Economic Development in Africa (BADEA)
9. Africa (Angola)-Asia Strategic Partnership
10. Africa (Angola)-BRICS

English - Portuguese