International Trade in Angola

International Trade in Angola

With the pre-crisis  average economic growth at 20%, Angola was one of the fastest growing economies of the world. Due to the global recession, the fall of oil prices and the reduction of the production quota of the OPEC (Organization of the Petroleum Exporting Countries) the growth came... Read more

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Market Analyses About Angola (33)

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  • Kayex Global Import & Export

    Kayex Global Import & Export

    Air Freight, Angola

    We offer our clients a wide range of services & transportation modes as well as expert advice on which of these modes of...
  • Clever Plan

    Clever Plan

    Sales Agents, Angola

    Clever Plan is a trading company specialized in the trade of top branded perfumes, liquor's and beverages, professional hair care...

Overview About International Trade in Angola

Economic Overview

With the pre-crisis  average economic growth at 20%, Angola was one of the fastest growing economies of the world. Due to the global recession, the fall of oil prices and the reduction of the production quota of the OPEC (Organization of the Petroleum Exporting Countries) the growth came to a abrupt halt in 2009, falling to 0.7%. Estimated at 5.9% in 2010, growth should again become stronger in 2011. After 27 years of civil war, the country is now undergoing reconstruction, which is largely financed by country's oil wealth.

Becuase the crisis has greatly worsened the macroeconomic situation of the country, in 2009 Angola appealed for help to the IMF and signed a stand-by accord. The country should deal with the challenge of increasing spending on basic infrastructures, while also constituting a foreign currency reserve and paying its arrears. The 2011 reforms program emphasizes strenghtening of the economic institutions and a reform of the fiscal system. Reforms aiming to improve the business environment are also planned.

Even though the income per capita is increasing, particularly in the metropolitan regions, life is still difficult for the majority of the Angolans

News Related to International Trade in Angola

  • Angola: Dams for the Damned - Apr 14, 2017

    [Maka] When China and Angola signed a US $4.5 billion financing agreement last year to fund the construction of a dam and hydro-electric power station at Caculo Cabaça in Kwanza-Norte province, did the Chinese realize this project would be for the benefit of the Angolan President's daughter?

    Source: All Africa - Southern Africa

  • Angola: Three Tons of Gold Illegally Exported - Apr 14, 2017

    [ANGOP] Luanda -At least three tons of gold are illegally exploited and exported per year from Angola to regions such as Tanzania, Emirates Arab United and other countries.

    Source: All Africa - Southern Africa

  • Angola: Fisheries Ministry and Exim Bank Sign Deal to Rebuild Edipesca - Apr 14, 2017

    [ANGOP] Luanda -The Ministry of Fisheries and the Export and Import Bank of South Korea (EXIM BANK) signed on Wednesday a financing agreement amounting to USD 49 million for the rehabilitation of the facilities of the fish processing company EDIPESCA in Luanda.

    Source: All Africa