Doing Business in Angola
EENI - Business School.
Subject (Course): International Trade and Business in Angola (Africa).
- Introduction to the Republic of Angola (Central Africa).
- Doing Business in Luanda.
- Angolan economy:
- Mineral resources
- Isabel dos Santos (the richest women in Africa)
- International Trade of Angola.
- Transport and Logistics in Angola.
- Port of Luanda and Port of Lobito
- Foreign Direct Investment (FDI) in Angola.
- Case Study:
- Angola Telecom. Sonangol.
- National Diamond Company of Angola
- Introduction to Portuguese
- Access to the Angolan Market
- Business Plan for Angola
Purposes of the subject “Doing Business in Angola”:
- To analyse the Angolan economy and foreign trade
- To evaluate business opportunities in Angola
- To explore trade relations with the student's country
- To know Angola's Free Trade Agreements (FTAs)
- To examine the profile of Angolan Companies
- 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 petrol 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.
- Angola is the fifth largest country in Sub-Saharan Africa, with an area of 1,246,700 square kilometres and with an Atlantic marine line 1,650
- Angola's territory is located on the western coast of Southern Africa
- Borders of Angola: the Democratic Republic of the Congo, the Republic of the Congo, Namibia, and Zambia.
- Angola was a Portuguese colony (500 years). Independence on
November 11, 1975.
- Angolan population: 20 million people
- Religion in Angola: Christianity (16 million) - Catholicism
Angola belongs to the Central African Economic Area of the African Civilisation.
- The economy of Angola (Africa) depends on the petrol sector (1% of the workforce of Angola).
- Angola is an
African frontier market.
- Angola is the largest market in Central Africa.
- One of the fastest growing economies in the World
- Population (20 millions of people) is an essential element of economic growth
- Teal gross domestic product of Angola growth was 3,4%
- Angolan economy is predominantly agricultural
- Top agricultural products: coffee, sugar-cane, sisal, maize (corn), coconut oil and peanut
- Angola is rich in minerals, such as diamonds, petrol (the largest African
- Huge deposits of copper, lead, phosphate, salt, gold, silver, and platinum.
- The main Angolan industries are petrol, cereals, meat, cotton, sugar, beer, cement and wood.
- 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.
The Angolan Petrol Sector
- With a production of 750,000 barrels per day, Angola is the second-largest producer in Africa (after Nigeria).
- Analysts point to a production of 1,000,000 barrels per day in the coming years.
Advantages of Angola.
- A strong Government engagement in applying economic and political reforms, leading to a free-market economy;
- Respect for private property and legal guarantees for investors;
- Flexible economic regulation;
- One-stop-shop business and foreign direct investment aid and support international Office
- Abundant, available labour and skilled young people;
- Accessibility of raw materials and energy resources (natural gas);
- Strategic location (regional African markets);
Foreign direct investment (FDI) in the Republic of Angola is governed by LAW no.11/03 of 2003.
- The National
Private Investment Agency is the institution responsible for
international promoting, coordinating, implementing and regulating foreign direct investment policies in Angola.
- 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
Sectors on which the Government is focusing:
- Agriculture and livestock, and food products;
- Light industry;
- The industrial materials for construction and public works.
Angolan Foreign Trade:
Angola imports (products and services): 5 million dollars. Largest Angolan
- Machinery and electrical equipment
- Vehicles and parts
- Maize (corn)
- Cassava root
- Fish and fishery products
Angola exported 14.5 million dollars (FOB). Largest Angolan exports:
- Petrol and derivates
- Fish and fishery products
The 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:
- Beira-Lobito Corridor
- Tripoli-Windhoek Corridor
- Lobito Corridor
Angola's Preferential Access and Free Trade Agreements (FTA):
- Economic Community of Central African States (ECCAS)
- Southern African Development Community (SADC)
- COMESA-EAC-SADC Tripartite Agreement
- Generalised System of Preferences (GSP)
- Cotonou Agreement
- African Growth and Opportunity Act (AGOA)
Angola is a member of:
- International Conference on the Great Lakes Region
- Forum Africa-China
- Forum Africa-India
- Free Trade Agreement (FTA) with India
- New Partnership for Africa's Development (NEPAD)
- African Union (AU)
- African Development Bank
- Afro-Arab cooperation
- Arab Bank for Economic Development in Africa (BADEA)
- Africa (Angola)-Asia Strategic
- Africa (Angola)-BRICS
English - Portuguese