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:

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 “Doing 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 Trade Agreements:

1. Angola and the Central African Economic Area
2. Economic Community of Central African States (ECCAS)
3. Southern African Development Community (SADC)
   1. EU-SADC FTA
4. COMESA-EAC-SADC Agreement
5. African Continental Free-Trade Area
6. EU-Angola
   1. GSP
   2. Africa-EU Partnership
7. AGOA (U.S.)
8. Trade Agreement with India
9. Conference on the Great Lakes
10. Arab Bank for Africa (BADEA)

1. WTO
   1. GATS
   2. Agreement on 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. Kyoto Convention

1. Economic Commission for Africa
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

1. CPLP
2. UN
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 DR 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
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.

Angolan Economy:

1. The Republic of Angola is the largest Central African market
2. The economy of Angola (Africa) depends on the Oil 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 GDP 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 Oil 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 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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