Angola overview

Angola – Revitalized

Angola is the world’s seventh-largest diamond producer by value and its production is renowned for high quality. The Government is actively encouraging foreign Investors to participate in developing and growing the country’s diamond mining industry.

The vibrant streets of Luanda showcase a mix of colonial and contemporary architecture highlighted by a prominent historic building against a sunny backdrop.

Some facts about Angola:

• • It is the third-largest country in sub-Saharan Africa, with a population of approximately 30 million.
  • Luanda is the nation’s capital city.
  • The Civil War ended in 2002 and the country has operated as a democracy since.
  • The country is rich in natural resources. The primary being crude oil and diamonds. Crude oil is the largest contributor to the GDP and exports.
  • Other less prominent but notable resources of Angola are its productive ocean, fertile soil, and mineral reserves of iron ore, Bauxite, uranium, copper, granite, and gold.
  • One of the fastest-growing economies in the world – real GDP growth of 11% p.a.
  • The economy is driven by oil (US$ 50bn/yr and diamonds 8 million carats p.a.
  • Investment in infrastructure and development is a top priority for the government.
  • Currently in the second term as a non-permanent member of the UN Security Council.