A low oil price and uncertainty over future exploration projects – with existing oil fields rapidly drying up – is threatening to tip the Angolan current account from surplus to deficit this year, and is raising questions about the future of its oil-reliant economy.
Latest articles from Angola
Angola’s work to improve its infrastructure is paying dividends in terms of foreign investment into the country’s mining and financial services sectors.
Countries throughout sub-Saharan Africa are increasingly keen to show off their tourism credentials to international travellers. But while visitor numbers are on the rise, the region's dated infrastructure and poor image are proving to be tough obstacles to overcome.
Angola's rapid economic growth has caught the attention of investors, but if the government wants to turn this interest into investment, it must work to improve the country's notoriously difficult business environment.
Thanks to its oil reserves, Angola has gone from an economic basket case to sub-Saharan Africa’s third biggest economy in just 10 years. Production is expected to continue rise steadily until 2020 when, if the most optimistic predictions about the country’s pre-salt reserves prove accurate, its output could skyrocket.
Following a period of strong economic growth, Angola has announced plans to launch its debut Eurobond.
Inward foreign investment levels in Angola decreased for the third year in a row in 2011, thanks in part to dwindling investment in the coal, oil and natural gas sector.
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