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Angola

The original report was published in The Daily Telegraph on Saturday, July 23, 2011

Foreign workers are drawn to the lifestyle on offer in Luanda
The world’s fastest growing economy over the past decade is regaining momentum as oil prices and FDI refuel the nation’s growth
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ANIP serves as a one-stop shop providing help and advice for private investors looking at Angola’s business potential
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Angola’s telecommunications market has grown, been modernised and extended around the country in the past decade, all at a rapid pace
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From left to right: Jose Carvalho da Rocha, Carlos Brito and Zandre Campos
Movicel’s full range of telecom services is increasingly becoming available nationwide
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A healthy banking sector has accompanied Angola’s economic growth since 2002
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Ambitious expansion and modern banking services from one of Angola’s top four banks

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From education and health care to culture and sports, BAI is a company that takes its corporate responsibilities very seriously
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Multiparques is developing a dry port at Viana to boost container throughput at the Port of Luanda
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Moving away from oil and diamonds, BxA is building up a strong aluminium mining industry
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Angola’s progressively diversified economy is a result of necessity but it is also helping to stabilise the country and improve quality of life
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For hundreds of thousands of Angolans, access to clean drinking water is a dream coming true
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Henry Bellingham, FCO Minister for Africa
The past three years have seen UK-Angolan relations grow stronger, with more visits by British officials and greater investment in non-oil sectors
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Bilateral relations between Angola and the United Kingdom have been steadily on the up recently, with trade and investment between the two countries growing significantly
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With extensive investment in equipment and staff, Unitel is not only building up Angola’s infrastructure, but also the skills of its people
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UniMetro is creating a new generation of globally competitive entrepreneurs
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With well-defined objectives and a strong sense of responsibility, award-winning BESA has found the winning formula for growth
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Banco Africano de Investimentos has performed outstandingly within Angola and has embarked on a well-grounded growth strategy
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Leonel da Rocha Pinto, General Manager of Multiparques and Multiterminais
Investment and upgrades at the Port of Luanda will showcase the capacity for the capital to become the maritime hub of the region
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A country with a vast wealth of natural resources, Angola is diversifying into fields beyond just oil and diamonds
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World diamond prices plunged in 2008-2009, but Catoca focused on reducing costs and investing in infrastructure to become more competitive and has emerged in better shape
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Dr Jose Cerqueira, Project Director of Aldeia Nova
The Aldeia Nova Project affords ex-soldiers and displaced persons a chance to start again
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PM Communications

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)