Industry Angola’s industrial reconstruction is a key step toward its economic development. The Ministry of Industry developed the Master Plan for Reindustrialization (PDR), which aims as its main goals industrial development in the private sector and the formation of competitive companies. To that end, mechanisms will be developed to rehabilitate existing businesses, encourage the emergence […]
“ANGOLANOS, DE MÃOS DADAS PARA O FUTURO”
Oil and Diamonds According to an Angolan official, oil “is a wealth that serves the population.” The country currently produces 630,000 barrels per day, with the potential to increase to 700,000 shortly. Despite the abundance of oil resources and the prospect of increased extraction, as a result of the country’s high financial risk, approximately one-third […]
Foreign investment In recent years, more than 100 foreign investment projects worth more than US$737 million have been approved. By the end of 1995, the Foreign Investment Office had received 633 Foreign Investment Office. These proposals, which covered all areas of production, trade, and services, were valued at US$ 3,641 million. However, due to the […]
Foreign investment In recent years, more than 100 foreign investment projects worth more than US$737 million have been approved. By the end of 1995, the Foreign Investment Office had received 633 Foreign Investment Office. These proposals, which covered all areas of production, trade, and services, were valued at US$ 3,641 million. However, due to the […]
How to invest? Investing in Angola requires knowing the basic elements contained in the Foreign Investment Law. What is a foreign investment? Angolan law considers investment as the introduction and use of capital, equipment, and technology in the national territory, or the use of funds that can be transferred abroad under the foreign exchange law. […]
Exchange Law NATIONAL ASSEMBLY Law No. 5/97 of 27 June Considering that, as a result of the reorganization of the financial system, it is essential to update principles and rules that have been in force until now and that are outdated, adapting the functioning of financial institutions to the current phase of the country’s economic […]
Agriculture Angola has agricultural raw materials that can contribute to foreign exchange inflow into the country. Coffee, cotton, sisal and sugar, among others, constitute an untapped potential. Agriculture is still, in fact, the economic basis of the country, but the industry must be the engine of development and economic change in the direction of Angola, […]
Fishing Following independence in 1975, the fisheries sector experienced a slump but has since recovered thanks to investments (particularly international) and the relative safety of the coasts. The canning industries are being revitalized, new cold storage facilities are being constructed, and the fishing fleet is being replenished. Catches, which peaked at 450 thousand tons in […]