The Embassy of the Republic of Angola

Angola is being increasingly seen as one of the most resource rich countries in all of Africa
Angola's GDP is the 2nd largest in the Southern African region.
Angola is one of the world's biggest, yet least developed mineral treasure troves.
Angola is a natural transportation center for the region of Southern and central Africa.
The Angolan Government has made the promotion of trade and investment a priority and have dramatically reduced barriers for foreigners .
Foreign companies recently invested over $8 million in Angola with plans to invest billions more.
The Government of Angola has undertaken reform measures to stabilize its economy and lay the foundation to make the country more investor friendly.
Economic rehabilitation and recovery is now in the nascent stages.
Emerging opportunities as the country moves from Aid to Trade.
Angola has solid plans for the modernization of its infrastructure including its communications and transportation systems.
The Canada - Angola Chamber of Commerce and the Angolan Embassy in Canada are available to assist Canadian businesses interested in investing in Angola.
The Angolan government continues to strengthen its commitment to foreign investors by abolishing state monopolies, privatizing state-owned companies and speeding up foreign investment procedures.

Industries:
petroleum; diamonds, iron ore, phosphates, feldspar, bauxite, uranium, and gold; cement; basic metal products; fish processing; food processing; brewing; tobacco products; sugar; textiles

Electricity - production: 1.475 billion kWh (1999)
Electricity - production by source:
fossil fuel: 32.2% hydro: 67.8% (1999)
Electricity - consumption: 1.372 billion kWh (1999).
Agriculture - products:
bananas, sugarcane, coffee, sisal, corn, cotton, manioc (tapioca), tobacco, vegetables, plantains; livestock; forest products; fish.
Exports : $7.8 billion (2000)
Exports - commodities: crude oil 90%, diamonds, refined petroleum products, gas, coffee, sisal, fish and fish products, timber, cotton Exports - partners: US 54%, South Korea 14%, Benelux 11%, China 7%, Taiwan 6% (1999).
Imports : $2.5 billion (f.o.b., 2000 est.)
Imports - commodities: machinery and electrical equipment, vehicles and spare parts; medicines, food, textiles, military goods Imports - partners: South Korea 16%, Portugal 15%, US 13%, South Africa 10%, France 8% (1999).
Currency : kwanza (AOA)
Currency code: AOA
Exchange rates: kwanza per US dollar - 17,910,800 (January 2001).