Doing Business in Angola

The purposes of the subject “Foreign Trade and Business in Angola” are the following:

1. To analyze the Angolan Economy and Global Trade;
2. To know the business opportunities in Angola;
3. To explore the trade relations with the country of the student;
4. To know the Angolan Trade Agreements;
5. To examine the profile of the Angolan Companies;
6. To develop a business plan for the Angolan Market.

The Subject “Foreign Trade and Business in Angola” belongs to the following Online Programs taught by EENI Global Business School:

Course: Business in Central Africa.

Masters: Business in Africa, International Business, Foreign Trade.

Doctorate: African Business, World Trade.

Languages: or Angola Angola Angola.

1. Credits of the subject “Foreign Trade and Business in Angola”: 3 ;
2. Duration: three weeks.

1. Ports of Luanda and Lobito;
2. Access to the Port of Walvis Bay (Namibia);
3. Trans-African Highway crossing Angola
   1. Beira-Lobito Corridor;
   2. Tripoli-Windhoek Corridor;
   3. Lobito Corridor.

Angolan Preferential Access and Free Trade Agreements:

1. Angola and the Central African Economic Area;
2. ECCAS;
3. SADC
   1. EU-SADC Free Trade Agreement.
4. COMESA-EAC-SADC Agreement;
5. African Continental Free-Trade Area;
6. EU-Angola
   1. Generalized System of Preferences (GSP);
   2. Africa-EU Strategic Partnership.
7. AGOA (U.S.);
8. Free Trade Agreement with India;
9. International Conference on the Great Lakes Region (ICGLR);
10. Arab Bank for Economic Development in Africa (BADEA).

1. WTO
   1. Agreement on Trade in Services (GATS);
   2. Agreement on the Application of Sanitary Measures;
   3. Agreement on Technical Barriers to Trade;
   4. Agreement on Preshipment Inspection;
   5. Agreement on Safeguards;
   6. Trade Facilitation Agreement.
2. WCO
   1. Revised Kyoto Convention.

African Trade and Economic Organizations:

1. Economic Commission for Africa (ECA);
2. African Union
   1. AU Convention on Preventing and Combating Corruption (not signed);
   2. AUDA-NEPAD.
3. African Development Bank;
4. Africa-Asia Partnership;
5. Africa-Korea Partnership;
6. Africa-Japan Cooperation;
7. Africa-South America Summit;
8. China-Africa Cooperation;
9. Africa-India Cooperation;
10. Africa-BRICS;
11. Africa-Turkey Partnership;
12. Afro-Arab Cooperation;
13. BADEA.

Global Economic Organizations:

1. Community of Portuguese Speaking Countries (CPLP);
2. UN
   1. UNCTAD;
   2. ITC;
   3. WIPO.
3. WTO;
4. IMF.

Angola is the fifth largest country in Sub-Saharan Africa, with an area of 1,246,700 km².

1. Atlantic Marine line of Angola: 1,650 kilometers;
2. Angolan 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);
5. Independence of Angola: November 11, 1975 (Portugal);
6. Angolan population: 29 million people
   1. Bantu.
7. The capital of Angola is Luanda;
8. The largest Angola cities are Luanda, Huambo, Benguela, Lobito, Kuito, Lubango and Cabinda;
9. Official language of Angola: Portuguese.

More information about Angola (EENI African Business Portal).

Religions in Angola:

1. Christianity (16 million) - Catholicism;
2. African Traditional Religions.

Angola belongs to the Central African Economic Area (African Civilization).

Angolan Economy:

1. The Republic of Angola is the largest Central African market;
2. The economy of Angola (Africa) depends on the petrol sector (1% of the Angolan workforce);
3. Angola is an African frontier market;
4. Angola is one of the fastest growing economies in the World;
5. The population (20 million people) is an essential element of the economic growth;
6. The real gross domestic product of Angola growth was 3.4%;
7. The Angolan economy is predominantly agricultural;
8. Top Angolan agricultural products are coffee, sugar-cane, sisal, maize (corn), coconut oil and peanut;
9. Angola is rich in minerals, such as diamonds, petrol, iron;
10. Huge copper, lead, phosphate, salt, gold, silver, and platinum deposits;
11. The main Angolan industries are petrol, cereals, meat, cotton, sugar, beer, cement and wood;
12. The Ministry of Tourism reported the entry of 194,326 tourists from Portugal, South America, France, Brazil, the UK, and the U.S., which spent $ 97 million.

Angolan Petrol Sector

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

Advantages of Angola.

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

Angolan Foreign Trade:

Angola imports (products and services): 5 million dollars. The largest Angolan imports are:

1. Machinery and electrical equipment;
2. Vehicles and parts;
3. Medications;
4. Food;
5. Textiles;
6. Sugar-cane;
7. Coffee;
8. Sisal;
9. Maize (corn);
10. Cotton;
11. Cassava root;
12. Snuff;
13. Vegetables;
14. Livestock;
15. Fish and fishery products.

Angola exported 14.5 million dollars (FOB). The largest Angolan exports:

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

The largest ports of Angola: Port of Lobito and Port of Luanda.

The nearest foreign port (Southern provinces on Angola) is the Port of Walvis Bay (Namibia), via the Trans-Cunene Corridor

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 the international promoting, coordinating, implementing and regulating the foreign direct investment policies in Angola;
2. To bring the foreign direct investment into Angola, the Government of Angola has defined a policy of preference on foreign direct investment (FDI), which will increase the export products while replacing or reducing the imports.

Sectors on which the Government is focusing:

1. Agriculture and livestock;
2. Food products;
3. Mining;
4. Fisheries;
5. Light industry;
6. Industrial materials for construction and public work.

(c) EENI Global Business School (1995-2023)
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