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Economy

Economic Overview

An economy in diversification, anchored in natural resources and open to investment.

Angola is one of the largest economies in Sub-Saharan Africa. The oil sector remains decisive in exports and public revenue, alongside diamond and natural gas production.

The economic agenda of recent years is directed at diversification: agriculture, fisheries, manufacturing, energy and tourism are priority sectors, accompanied by a privatisation programme and reforms to the business environment.

The Lobito Corridor, linking the Atlantic port of Lobito to the interior of the continent, is among the infrastructure projects with the greatest impact on regional integration and international trade.

Sectors in focus

Energy

Oil, natural gas and a renewable energy programme weighted towards hydropower and solar.

Agriculture

Coffee, bananas, maize and sugar, with scope to replace imports.

Mineral resources

Diamonds, iron, phosphates and other strategic minerals.

Logistics

Ports, railways and the Lobito Corridor as a regional export platform.

Opportunities

Invest in Angola

Information on opportunities, incentives and investor support.

Economic Overview — Embassy of Angola