ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » Information » About Angola » Economy


Send by email

To share this news by email, fill out the information below and click Send


To report errors in the texts of articles published, fill out the information below and click Send

Republic of Angola is a country with so many business opportunities because there is peace. It has huge natural resources such crude, natural gas, copper, phosphate, diamond, zinc, aluminum, gold, iron, silicone, uranium, etc and a huge fauna and flora enriched with wood and sea resources

The Angolan economy has marked a quick growth of 18% average per year in the last five years, being considered one of the most dynamic economies of the world.

The essential reason for this change is the oil production growth, doubled from 875 thousand barrels day in 2003 to 1, 9 million barrels day in 2008 and also the medium annual growth of non oil sector surrounding 19% average.

On the other hand, the Angolan government has adopted right economic policy that expects to finish the restriction to offering goods and service of quality, taxes incentive granting to productive investment and to the private investment law. This kind of policy is giving its results because Angola is nowadays in the top of those countries in Africa growing more and more, showing each day better condition to invest in.



Not long ago, coffee plantation was the main product. Sugar cane, sisal, maize, coconut and peanut oil were behind coffee cultivation. Cotton and rubber were also highlighted among trade culture. Important products such as potato, rice, cocoa and banana were also cultivated. The biggest livestock are cattle, caprine and swinish. The country has lost all this production capacity during the civil war time, but there are signs of step-by-step recovery since expected peace arrival.



Angola is a rich country in minerals, mainly diamonds, crude and iron. The country has also a bed full of copper, manganese, phosphate, mica, lead, tin, gold, silver and platinum. The diamond mines are located in Dundo town, Lunda-Norte province. In 1966, some important oil fields were discovered in Cabinda province, which gave self-sufficiency to the country. Another important event happened in 1975 when uranium ore was discovered nearby Namibia border.



The main industries in Angola are oleaginous, cereals, meat, cotton and smoke. It is also important to highlight the production of sugar, beer, cement, and wood and oil refinery. There are also industries manufacturing tyre, fertilizer, cellulose, glass and steel.



The Angolan railway system is made up by five lines connecting the coastline to the interior. The most important of them is from Benguela railway, seen that it connects with Catanga railway at Democratic Republic of Congo border. Therefore, Luanda, Benguela, Lobito, Namibe and Cabinda have the busiest ports in the country. The airline center is located in Luanda airport and the connection with other African and European cities and the rest of the world has the beginning at this international airport.


Building Construction

Angolan infrastructures were much damaged after decades of war. With conquered peace and the profits from oil fields found within the country, there is a big growth at the building construction sector.

The sector growth can be observed at infrastructure national rebuilding and the immovable properties which has a big deficit in the country. There are relevant building companies settled in Angola, such as one group coming from Portugal as follow: Mota-Engil, Teixeira Duarte, Soares da Costa, Somague/Edifer; and another group coming from Brazil as follow: Odebrecht, Camargo Corrêa, Genea Angola, Queiroz Galvão, Andrade Gutierrez. Besides, it is possible to observe some Angolan companies giving their first steps in this business, such as Grupo Opaia SA, which is building the project Casa Feliz(Happy House project);