Central and Eastern Europe

Angola, the future powerhouse of Africa

Luanda_Newsletter

Angola’s oil production is second largest in Africa and has been rising continually since the end of the civil war in 2002. Economic growth is expected to reach 6.2% in 2013, and 7.3% in 2014, driven by the expansion in the oil and gas sector and a public expenditure programme designed to encourage economic diversification, which has been already growing quicker then the oil sector in the past 3 years. Angola is Africa´s third largest economy but the one with higher growth potential. Many say it will surpass South Africa as the strongest economic powerhouse in the continent.

(more…)

By : admin /January 23, 2014 /Angola, Insight /0 Comment Read More