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Reliable Development

Reliable Development

Investing in Angola is safer and easier than ever

As the world’s attention shifts towards emerging markets, Angola stands out with its enormous growth potential, young and dynamic workforce, untapped resources, and favorable investment climate that make it an attractive opportunity for impact-driven investors seeking strong returns.

We will continue to work on policies and best practices to encourage and promote the private sector of the economy, to increase the supply of nationally produced goods and services, increase exports, and create more and more jobs for Angolans, especially the younger ones.

João Manuel Gonçalves Lourenço

President of the Republic of Angola

Emerging market with huge growth potential

According to the International Monetary Fund (IMF), Angola should regain its position as the third largest African economy and begin a sustainable growth trajectory in the coming years, moving from a State-led and oil-financed model towards a model of economic diversification and growth led by the private sector. With a young population of 38 million and a growing middle class, Angola is also a gateway to the Southern African Development Community (SADC) region, with a population of approximately 380 million people.

The IMF estimates that the Angolan economy will grow 2.6% this year (2024). The entity’s most recent assessment highlights that in 2023 Angola remained resilient in the face of significant challenges. The institution mentions the authorities’ efforts to continue the economic reforms initiated during the Expanded Financing Program implemented in 2018 and 2021, which “helped increase the resilience of the Angolan economy”. The areas that received the most attention from the Angolan authorities include fiscal management, revenue mobilization, debt management, monetary policy and financial stability.

The IMF also highlights a positive growth of 0.9% in Angolan production in 2023, thanks to the recovery in oil extraction in the fourth quarter.

Stable Government and Security Forces​

Angola’s 2023 General State Budget shows a significant investment by the Government in ensuring stability and security, with 7.9% of the budget allocated to security and public order, and an additional 7.8% allocated to military expenditure.

Favorable investment policies for priority sectors

To attract foreign investment, the Angolan Government has implemented various incentives, such as tax breaks, reduced bureaucracy, and free trade zones. According to the private investment law of Angola, a set of numerous benefits are provided for enterprises in priority sectors and special economic zones.

Growing population and dynamic & young workforce

Angola has a young and growing population, which can provide a sizable consumer base and workforce. As the country continues to develop, there will be increased demand for goods and services, which can be profitable for investors.

Accessible and easy-to-use banking system

The banking sector in Angola has undergone significant improvements in recent years, becoming more stable and accessible for investors seeking stability and growth opportunities.

Top improvements:

  • Introduction of a new regulatory framework
  • Increased transparency and accountability
  • Establishment of a deposit insurance system
  • Introduction of innovative technologies and digital banking solutions
  • Strengthening of capital requirements for banks to enhance their financial stability and resilience
  • Diversification of the banking sector, with the entry of new players and the expansion of existing banks into new areas and services.

Simplified regulations for profits and capital repatriation​​

Angola has recently enacted legislation to streamline foreign exchange procedures and enable investment through the approval of incentives and benefits, as well as amendments to the private investment law to facilitate the process to approve investment projects and negotiate investments.

Main imports in Angola

Comtrade, 2021

Switch imports for national production

Angola’s imports reached 11 billion dollars in 2021 (compared to 9.34 billion in 2020), according to Comtrade data. The top five groups of imported products were machinery and appliances (22.9%), mineral fuels (16.2%), agricultural products (14.6%), chemical products (8.8%), and common metals (8.0%). The top five suppliers to Angola in 2021 were China (15.1%), Portugal (12.1%), India (6.7%), Togo (5.5%), and Brazil (4.7%). Together, these markets represented 44.0% of the value of imports.

Explore investment opportunities in Angola

InvestAngola showcases investment opportunities in different sectors, keeping you connected with promising and available opportunities.