Business in Angola

EENI- School of International Business

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

Syllabus:

1. Introduction to the Republic of Angola (Central Africa).
2. Doing Business in Luanda.
3. The Angolan economy:
   1. Mineral resources
   2.  Diamonds
   3.  Petrol
4. Isabel dos Santos (the richest African women)
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:
   1.  Angola Telecom. Sonangol
   2.  National Diamond Company of Angola
10. Introduction to Portuguese
11. Access to the Angolan Market
12. Business Plan for Angola

Purposes of the subject “Foreign Trade and Doing Business in Angola”:

1. To analyse 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 - Foreign Trade and 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.

1. 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 kilometres.
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 (Portugal).
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 Civilisation.

Angolan economy:

1. The economy of Angola (Africa) depends on the petrol 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, sugar-cane, sisal, maize (corn), coconut oil and peanut
9. Angola is rich in minerals, such as diamonds, petrol (the largest African exporter), iron.
10. Huge deposits of copper, lead, phosphate, salt, gold, silver, and platinum.
11. The main Angolan industries are petrol, 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.

The Angolan Petrol Sector

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 Office
5. Abundant, available labour 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 dollars. Largest Angolan imports:

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). 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.

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. Generalised System of Preferences (GSP)
5. Cotonou Agreement
6. African Growth and Opportunity Act (AGOA)
7. Free Trade Agreement (FTA) with India

Angola is a member of:

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

❮ Samples - Business in Angola ❯