Angola
Angola is known as a country of diamonds, but has a multitude of other mineral resources including gold, platinum, nickel, chrome, iron, copper, manganese, kaolin, gypsum, quartz, zinc, phosphates, granite, marble, uranium, lead, wolfram, tin, fluorite, sulphur, feldspar, mica, asphalt, and talc.
Today, Angola is the biggest deepwater offshore oil producer and exporter in Africa, and has produced over 1.4 million barrels of oil per day in 2019.
Angola is second only to Nigeria in African oil production.
Population - 33 million
SADC - Angola is a member of SADC which includes 16 countries of Southern Africa. The organization’s main objectives are economic development, peace, security and growth. Free trade agreements between the 16 countries also provide access to a single market.
Mineral Resources
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Diamonds - Angola is the world’s 5th diamond producer by value and 6th by volume. The country’s total output in 2019 was 9.1 million carats, a figure the government expects to increase to almost 14 million carats by 2022. the country has extensive diamond reserves that are estimated at 300 million carats
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Petroleum and other liquids - Angola is the second-largest oil producer in Africa, after Nigeria. Angola holds 8.2 billion barrels of proved crude oil reserves as of the beginning of 2020 according to the latest estimates from the Oil & Gas Journal (OGJ),
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2019, total liquid fuels production was about 1.51 million barrels per day (b/d)
Experience & expertise
Two consultants based in Luanda with combined commercial experience of 15 years
Understanding on local economy, business activities and culture gained through education and involvement in Mining, Export & Import, Supply, Real Estate (including relocation and estate services), Business advice, Local partner matching
Knowledge of Portuguese language in addition to English, French and Russian at Business Competency level
Established relationships with senior government and business leaders together with in-depth understanding of economic activities and the regulatory environment.
Opportunities
INVEST in agriculture/Agribusiness and livestock development, Manufacturing Fisheries/Fish processing, Petroleum and Mining, Transport, Communication and Technology, Logistics and Warehouse
ENHANCING LOCAL INFRASTRUCTURE - to support local community (Social Impact)
RESTORING/REHABILITATING mining sites for communities (Social Impact)
INDEPENDENT REPORT assessing local community relations and benefits (Social Impact)