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Angola Part 1

The original report was published in the Bloomberg Businessweek on Monday, March 7, 2011
Finance | Africa | Angola
After 35 years of independence, Angola is postioning itself as a key economic player in the region
World’s fastest-growing economy in the last decade
The African giant is leading by example as one of the fastest-growing economies in the world, the biggest FDI receptor on the continent and a strategic ally of the U.S. in sub-Saharan Africa
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Finance | Africa | Angola
An opportunity not to be missed
Angola’s economy has been expanding rapidly since 2002, and FDI has grown at a rate of 23%.
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Finance | Africa | Angola
Alvaro Sobrinho, CEO of Banco Espirito Santo Angola (BESA)
Q&A with Alvaro Sobrinho, CEO of BESA
At an expansive phase, the bank aims to consolidate its position as a financial reference group
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Industry and Trade | Africa | Angola
Q&A with Helder Bataglia, chairman of Escom

Angola’s largest non-petroleum-based company, Escom continues to build its presence in Africa

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Infrastructure | Africa | Angola
From ashes to skyscrapers
Angola is in the middle of a giant construction boom, focusing specially on housing and infrastructure
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Finance | Africa | Angola
Angola’s B+ economy
Last year, agencies awarded B+ and B1 credit scores to Angolan sovereign debt for the first time
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Finance | Africa | Angola
Banco Espirito Santo Angola (BESA)
BESA, the universal bank of Angola
At an expansive phase, the bank aims to consolidate its position as a financial reference group
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Industry and Trade | Africa | Angola
Escom is taking Luanda skywards
Angola’s largest non-petroleum-based company, Escom continues to build its presence in Africa
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Infrastructure | Africa | Angola
IPGUL is overseeing a project to develop the city of Luanda, improving quality of life for residents
Luanda, the most expensive city in the world, is under development
A regional government entity for city planning and management, IPGUL is coordinating a major urban transformation
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Industry and Trade | Africa | Angola
An innovative approach
From cars to construction to concerts, the Ritek Group is bringing exciting opportunities to Angola
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Vista Reports

LOCATION:
Southern Africa, bordering the South Atlantic Ocean, between Namibia and Democratic Republic of the Congo

AREA:
total: 1,246,700 sq km
country comparison to the world: 23
land: 1,246,700 sq km
water: 0 sq km

AREA - comparative:
slightly less than twice the size of Texas

CLIMATE:
semiarid in south and along coast to Luanda; north has cool, dry season (May to October) and hot, rainy season (November to April)

POPULATION:
13,338,541 (July 2011 est.)
country comparison to the world: 70

CAPITAL:
name: Luanda

GDP - composition by sector:
agriculture: 9.6%
industry: 65.8%
services: 24.6% (2008 est.)

AGRICULTURE - products:
bananas, sugarcane, coffee, sisal, corn, cotton, manioc (tapioca), tobacco, vegetables, plantains; livestock; forest products; fish

INDUSTRIES:
petroleum; diamonds, iron ore, phosphates, feldspar, bauxite, uranium, and gold; cement; basic metal products; fish processing; food processing, brewing, tobacco products, sugar; textiles; ship repair

EXPORTS:
$50.59 billion (2010 est.)
country comparison to the world: 55
$40.83 billion (2009 est.)

EXPORTS - commodities:
crude oil, diamonds, refined petroleum products, coffee, sisal, fish and fish products, timber, cotton

EXPORTS - partners:
China 37%, US 24.5%, India 8.7%, France 8.3% (2009)