The Republic of Angola is represented by its ambassador in The Hague, the resident of the Government of The Netherlands.
One of the Angolan Embassy’s priorities is the promotion of trade between Angola and The Netherlands. Dutch exports to Angola, primarily machinery, foodstuffs and livestock, totalled € 244 million in 2010. In 2010, the total value of imports from Angola, primarily petroleum, was € 469 million. In Luanda, the Dutch Embassy publishes a monthly update on economic developments in Angola.
The Angolan Government supports the Angolan economy by encouraging the Dutch business sector to tap into investment opportunities in Angola. This is done through a number of programmes:
– Collective Promotional Activities (CPA): CPA is run by the Ministry of Economic Affairs and aims to stimulate trade, investment and partnership by Dutch companies on the Angolan market, by providing opportunities to participate in collective promotional activities.
– Infrastructure Development Facility (ORIO): ORIO is a grant programme run by the Ministry of Foreign Affairs to further the development of public infrastructure, such as the internet and electricity supply, in developing countries.
Up-to-date information on bilateral treaties can be found in the Ministry of Foreign Affairs.
Treaty Database …
The country is rich in hydrocarbon, minerals, fisheries and agriculture; it also counts with a significant potential in hydroelectricity. The territory of Angola is endowed with a high potential wealth.The country seeks to promote foreign investment. A new law for FDI was enforced in 2003 in order to create a more positive atmosphere for investors.
Investing in Angola
Investing in Angola after a long war and deeply destructive that lasted more than three decades, Angola has followed, with success, a model of development that aims at the construction of a modern knowledge-based society, open to the exterior, with the presence of national and foreign direct investment and greater market intervention, private initiative and competition.
Angola continues to be a viable business opportunities market. These opportunities are rising from a political stable environment, a prerequisite for a good business climate and economic stability of the country.
Foreign investment has the doors open to participate in the Angolan development plan. Investing in Angola can be the option for companies and groups looking for new challenges.
Angola is, potentially, one of the richest countries in Africa, due to its oil and other mineral reserves, to its hydroelectric resources, and to the great extensions of cultivable terrain, of which only a small part is being used. Cattle breeding is another important resource.
Traditionally, Angola was self-sufficient in agricultural products but nowadays it deals a wide range of products that under the right circumstances it could easily produce itself. Angola has abundant forest resources, especially in North Kwanza and Cabinda, with potential for wood production and transformation. The ocean in Angola is very rich in fishing resources. The mining sector (petroleum, diamonds and other minerals) reveals strong growth perspectives that will certainly stimulate the advent of both upstream and downstream industries.
Areas for the establishment of industrial and agro-industrial development poles are identified in Luanda, Benguela, Huíla, Cabinda and Huambo. The Republic of Angola has a managerial class owner of a considerable patrimony, in sub-use conditions, in need of partnerships, especially the ones with easily assimilated technology. There is a significant public managerial sector in the bank branches, transportation, energy and water that might be privatised.
The year 2002 opened new perspectives, since a political-military stability has been registered, the macroeconomic atmosphere has become stable and re-configured with the liberalization of the trade of exchange value, the application of the new customs list, the reduction of airport fees, the beginning of the rehabilitation of the productive and social infrastructures program, among others.
The following programs were also planned for the following years: the replacement and consolidation of the administration of the State, the continuation of humanitarian assistance to the population, the continuity of the application of measures according to the state of the market, previously adjusted with the International Monetary Fund and World Bank, the start of the Integrated Program of Productive Re-launch, in order to consolidate the macroeconomic stability of the country, reduce the population’s difficulties and decrease significantly the unemployment indexes.
Source: ANIP- National Private Investment Agency
The Netherlands African Business Council
NABC is the leading network organization for the Dutch private sector active in Africa. NABC is founded in 1946 and has developed extensive experience in the field of doing business in Africa. NABC is a non-governmental private sector organization, driven and funded by its members.