Angola

Angola is sub-Saharan Africa's second-largest oil producer and the continent's sixth-largest economy. The economy is heavily dependent on petroleum, which accounts for approximately 95% of exports and 60% of government revenue. Sonangol, the state oil company, is a central economic actor.

Under President Joao Lourenco, the government has pursued significant economic reforms including privatization of state assets, anti-corruption campaigns, and FX liberalization (the kwanza was floated in 2019). Angola is seeking to diversify into agriculture, fisheries, mining (diamonds), and manufacturing.

Key challenges include infrastructure deficits, high cost of living in Luanda, limited human capital, and vulnerability to oil price shocks. The Luanda Corridor and Lobito Corridor (connecting DRC mining regions to Angola's Atlantic port) are major infrastructure investments.