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Angola Part 3

The original report was published in the Bloomberg Businessweek on Monday, December 5, 2011
         

Infrastructure revival

Both the public and private sectors are reinvigorating Angola’s transport and telecoms systems
Infrastructure development in a country like Angola is of paramount importance. Expansion of telecommunications infrastructure – a direct result of the competition among the country’s telecoms operators for greater market share – is well underway, offering exciting investment opportunities and huge potential for growth. For reconstruction to continue in this post-war era, decent roads, functioning railroads and efficient ports are a must, and the Angolan government is doing everything in its power to bring these up to standard.

“In 2006 we came to the conclusion that it would not be worth expanding the port. Instead, it would be more logical to build a bigger, brand new port.”

Armando Ferramenta, CEO of Porto Amboim
Ports alone are gateways for up to 90% of imported construction materials, and as a result, the main ports of Luanda, Lobito, Malongo and Namibe are often overcrowded. The government has turned its attention to alternatives, such as Porto Amboim, the site of a former port that deteriorated to the point of closing in 1997. 

Rather than invest in its modernization, the government has opted to start from scratch. “In 2006 we came to the conclusion that it would not be worth expanding the old port. Instead, it would be more logical to build a bigger, brand new port,” explains Armando Ferramenta, CEO of Porto Amboim.

Located midway between Lobito and Luanda, the future port of Amboim would serve Angola’s central region, and rather than compete with the two larger ports, it would complement them and boost overall national development.  

In addition to serving as an ideal entry point for goods destined for the central hinterland and coastal areas, Porto Amboim should be an important outlet for exports, as well.

“This is potentially an agriculture area, and therefore our intention is also to promote agriculture for export purposes, with products like bananas, coffee and cotton,” says Ferramenta. “In fact, we’d better prepare our port so the volumes of agriculture production doesn’t catch us unawares.”

Porto Amboim boasts a naturally calm bay and water retention works by Painal (a company that manufactures material for deep water oil exploration) have further slowed the currents. Short-term plans for the port see a wharf with the capacity for two large vessels and one small one simultaneously. The government has already approved the project and funding of $30 million; all that remains is for Porto Amboim’s board of directors to choose from the various construction proposals it has received.

PROJECT: Joel Malo, Fatima Ruiz and Saturnino Izquierdo

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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)

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