Petroleum will continue to dominate Angola’s economy for the foreseeable future. But as Petroleum Minister José María Botelhos de Vasconcelos points out in this interview, Angola’s dependence on oil has been reduced in recent years, as other industries contribute more to tax revenues and to overall economic growth.
Petroleum will continue to dominate Angola’s economy for the foreseeable future. But as Petroleum Minister José María Botelhos de Vasconcelos points out in this interview, Angola’s dependence on oil has been reduced in recent years, as other industries contribute more to tax revenues and to overall economic growth.
Already the world's fifth-largest diamond producer, Angola is set to benefit from the surge in demand for the gems among consumers in rising economies such as China and India.
Already the world's fifth-largest diamond producer, Angola is set to benefit from the surge in demand for the gems among consumers in rising economies such as China and India.
In a historic role reversal, Angolan companies have been investing heavily in Portugal since 2008, aiding the former colonial power to survive the economic crisis. This “strategic partnership” has not been without controversy, but is likely to continue as Portugal´s economy recovers and Angola’s continues to grow apace.
In a historic role reversal, Angolan companies have been investing heavily in Portugal since 2008, aiding the former colonial power to survive the economic crisis. This “strategic partnership” has not been without controversy, but is likely to continue as Portugal´s economy recovers and Angola’s continues to grow apace.
In partnership with major international oil companies, state-owned Sonangol has made a firm commitment to developing Liquefied Natural Gas (LNG). Although vexed by technical delays and interruptions, the Angola LNG project still looks to be the future of the country’s most important industry. Meanwhile, exploration continues for vast new reserves of crude to offset the declining output in existing oilfields.
In partnership with major international oil companies, state-owned Sonangol has made a firm commitment to developing Liquefied Natural Gas (LNG). Although vexed by technical delays and interruptions, the Angola LNG project still looks to be the future of the country’s most important industry. Meanwhile, exploration continues for vast new reserves of crude to offset the declining output in existing oilfields.
The U.S. government and American companies are eager to make up the ground lost to China in Africa during recent years. Angola has become a key battleground in this struggle for economic influence on the continent.
The U.S. government and American companies are eager to make up the ground lost to China in Africa during recent years. Angola has become a key battleground in this struggle for economic influence on the continent.
The Panama Canal Authority prepares for a second century of shipping by undertaking a $6 billion expansion project that will have an enormous impact for world trade
The Panama Canal Authority prepares for a second century of shipping by undertaking a $6 billion expansion project that will have an enormous impact for world trade
FACRA, a public venture capital fund, provides financial, technical and management support to small and medium-sized businesses in Angola. One of the largest venture capital funds in Africa, FACRA offers a financing alternative for local entrepreneurs, particularly those with innovative projects. Teodoro Poulson talked to The Worldfolio about FACRA’s goals and how it hopes to contribute to Angola´s economic diversification.
FACRA, a public venture capital fund, provides financial, technical and management support to small and medium-sized businesses in Angola. One of the largest venture capital funds in Africa, FACRA offers a financing alternative for local entrepreneurs, particularly those with innovative projects. Teodoro Poulson talked to The Worldfolio about FACRA’s goals and how it hopes to contribute to Angola´s economic diversification.
Angola offers both high risks and great rewards to investors and exporters. The rules for setting up a company are complicated and the processes often slow. Nonetheless, the country is intent on attracting capital from abroad. We take a look at recent changes to investment legislation and what they mean for business.
Angola offers both high risks and great rewards to investors and exporters. The rules for setting up a company are complicated and the processes often slow. Nonetheless, the country is intent on attracting capital from abroad. We take a look at recent changes to investment legislation and what they mean for business.
The Technical Secretary of the National Concessions Council of Costa Rica explains that they are doing legal restatements to promote and encourage infrastructure projects in different areas, namely under the concept of public private partnership.
The Technical Secretary of the National Concessions Council of Costa Rica explains that they are doing legal restatements to promote and encourage infrastructure projects in different areas, namely under the concept of public private partnership.
The ‘birthplace of the nation’ is raising its profile by highlighting its historic and natural advantages
The ‘birthplace of the nation’ is raising its profile by highlighting its historic and natural advantages
