Angola
Overview
A Land of Rich Resources and Untapped Opportunities
Angola, strategically positioned on the southwest coast of Africa, is a treasure trove of natural resources, with oil and diamonds being its crown jewels. The nation's history is marked by a prolonged civil war that spanned nearly three decades, culminating in 2002. Since then, Angola has embarked on a journey of healing, reconstruction, and most importantly, economic diversification.
The cultural tapestry of Angola is as diverse as its landscapes. A harmonious blend of indigenous traditions and Portuguese colonial influences paints a vibrant cultural picture. This rich heritage is evident in everything from its architectural landmarks to its music and dance forms. Geographically, Angola offers a myriad of breathtaking landscapes, ranging from the sun-kissed tropical Atlantic beaches to the sweeping expanses of the Kalahari desert.
![Image](/images/2023/10/17/angola.png)
Key indicators
![Population](/images/2023/10/18/population-2.png)
Population
![GDP per capita](/images/2023/10/18/gdp-2.png)
GDP per capita
![Nominal GDP](/images/2023/10/18/gdp.png)
Nominal GDP
![Purchasing Power Parity GDP](/images/2023/10/18/gdp-1.png)
Purchasing Power Parity GDP
![Main export](/images/2023/10/18/exporft-1.png)
Main export
![Foreign direct investment](/images/2023/10/18/exporft-2.png)
Foreign direct investment
![Stock market capitalization](/images/2023/10/18/exporft-3.png)
Stock market capitalization
![GDP growth rate](/images/2023/10/18/exporft-4.png)
GDP growth rate
- Economic Snapshot
- Business Environment
- Startup Ecosystem
- Infrastructure & Technology
- Opportunities & Challenges
- Cultural Insights
- Corruption: Corruption is a major problem in Angola. The country ranks 130th out of 180 countries in Transparency International's Corruption Perception Index.
- Bureaucracy: The Angolan bureaucracy is complex and can be time-consuming to navigate.
- Infrastructure: Angola's infrastructure is underdeveloped, which can make it difficult and expensive to transport goods and people.
- Access to finance: Access to finance is a challenge for many businesses in Angola.
- Fintech: Angola has a young and tech-savvy population, and there is growing demand for fintech services.
- E-commerce: E-commerce is growing rapidly in Angola, as more and more people gain access to the internet and smartphones.
- Agriculture: Angola has a large agricultural sector, and there are opportunities for startups to develop new technologies and services to support the sector.
- Education: Angola's education system is underdeveloped, and there are opportunities for startups to develop new educational products and services.
- Corruption: Corruption is a major problem in Angola. The country ranks 130th out of 180 countries in Transparency International's Corruption Perception Index.
- Bureaucracy: The Angolan bureaucracy is complex and can be time-consuming to navigate.
- Infrastructure: Angola's infrastructure is underdeveloped, which can make it difficult and expensive to transport goods and people.
- Access to finance: Access to finance is a challenge for many businesses in Angola.
- Angolans place a high value on family and community.
- Angolans are generally respectful of authority figures.
- Angolans prefer face-to-face meetings to email or phone calls.
- Angolans are known for their hospitality.
- Angolans are also known for their love of music and dance.
![Investment Landscape & Opportunities in Angola](/images/2023/11/05/io-1.png)
Investment Landscape & Opportunities in Angola
- Start-up & SME Investments
- Impact & Green Investments
- Government Bonds & Stock Market
- Public-Private Partnerships
- Foreign Direct Investments
- Commodities & Infrastructure Investments
- Real Estate Development
- Cultural and Creative Industries
![Leading startups in Angola](/images/2023/10/18/exporft-6.png)