Angola

Country Code: 24 | ISO2 Code: AO | ISO3 Code: AGO

Angola has a land mass of 1,247 million km² and a coastline of 1,650km that stretches from the mouth of the Congo River in the north to the mouth of the Cunene River in the south, and is bordered by Namibia to the south and the Democratic Republic of Congo to the north. It includes the northern enclave of Cabinda.

It has a population of 34.5 million (2021) and GDP is expected to reach US$69.62bn by the end of 2023. Angola’s economy grew by 0.7% in 2021 after contracting by 5.4% in 2020.

The country was a Portuguese colony before independence in 1975, which led to a ruinous civil war from 1975 to 2002 between the ruling People's Movement for the Liberation of Angola (MPLA) and the rebel movement Unita, supported by the South African apartheid government and the US. Angola maintained political stability since 2002 under the corrupt administration of former president José Eduardo dos Santos, who stepped down in 2017 after 38 years in power. He was succeeded by the former minister of defence João Lourenço.

The oil sector accounts for between 35% and 45% of GDP and more than 90% of exports, with the Cabinda province on the north coast accounting for about 60% of Angola's oil production, the bulk of which comes from offshore reserves. Angola is also Africa’s third-largest diamond producer.

The Angolan National Petroleum and Gas Agency aims to increase transparency in sector management and regulation, removing conflicts of interest and developing and attracting investment. Since the new agency was set up in 2019, the state oil company Sonangol no longer holds exclusive rights for the prospecting, research and production of oil and gas.
Recently the Angolan government has introduced several reforms to liberalise the petroleum sector to encourage more oil exploration and the development of a downstream oil sector.
The liberalisation of the downstream oil and gas sector is likely to provide a number of opportunities for small and medium-sized businesses in terms of the distribution and retail of petrol and gas. Among these, there could be opportunities for small operators to run fuel stations.

Privatisation offers significant opportunities for new entrants into Angola’s oil and gas sector, with the objective of attracting foreign direct investment.

The economic downturn in Angola since 2015 has affected its Budget, including the government’s stated support of economic diversification, such as agricultural production.

Angola has the natural resources to become one of Africa's leading agricultural countries, as the diverse and fertile region is suited to a variety of crops. It also has an abundance of fresh water and arable land, and international landmine clearing efforts have opened up extensive areas of land for farming.

Diversifying the economy, achieving sustainable growth, and supporting non-oil exports have become key policy goals.

Sources: Who Owns Whom sector reports, CIA Factbook, African Development Bank, World Bank, Trading Economics, African Statistical Yearbook and IMF.

Sector Research Company Profiles Stock Exchange

Company Profile

There is no data available at the moment

Sector Research

CompanyName	Stock Exchange	Listed Date	Ticker Code	Country	Status
AUREA - Sociedade Distribuidora de Valores Mobiliarios S.A.	Bolsa de Divida e Valores de Angola	2023-00-00	AUREA	Angola	Active
Banco Angolano de Investimentos S.A.	Bolsa de Divida e Valores de Angola	2015-04-22	BAI	Angola	Active
Banco BIC S.A.	Bolsa de Divida e Valores de Angola			Angola	Active
Banco Caixa Geral Angola S.A.	Bolsa de Divida e Valores de Angola	2022-09-00	BCGA	Angola	Active
Banco Comercial Angolano S.A.	Bolsa de Divida e Valores de Angola	2018-00-00	BCA	Angola	Active
Banco Comercial do Huambo S.A.	Bolsa de Divida e Valores de Angola	2020-00-00	BCH	Angola	Active
Banco de Comercio e Industria S.A.	Bolsa de Divida e Valores de Angola		BCI	Angola	Active
Banco de Credito do Sul S.A.	Bolsa de Divida e Valores de Angola	2016-00-00	BCS	Angola	Active
Banco de Desenvolvimento de Angola	Bolsa de Divida e Valores de Angola	2020-00-00	BDA	Angola	Active
Banco de Fomento Angola S.A.	Bolsa de Divida e Valores de Angola	2015-02-03	BFA	Angola	Active
Banco de Investimento Rural S.A.	Bolsa de Divida e Valores de Angola	2019-00-00	BANCO BIR	Angola	Active
Banco de Negocios International S.A.	Bolsa de Divida e Valores de Angola	2015-07-22	BNI	Angola	Active
Banco de Poupanca e Credito S.A.	Bolsa de Divida e Valores de Angola			Angola	Active
Banco Economico S.A.	Bolsa de Divida e Valores de Angola			Angola	Active
Banco Keve S.A.	Bolsa de Divida e Valores de Angola		BRK	Angola	Active
Banco Millennium Atlantico S.A.	Bolsa de Divida e Valores de Angola	2015-08-03	BPA	Angola	Active
Banco Nacional de Angola	Bolsa de Divida e Valores de Angola	2019-00-00	BNA	Angola	Active
Banco Sol S.A.	Bolsa de Divida e Valores de Angola			Angola	Active
Banco Valor S.A.	Bolsa de Divida e Valores de Angola	2020-00-00	VALOR	Angola	Active
Banco VTB Africa S.A.	Bolsa de Divida e Valores de Angola	2019-00-00	VTB	Angola	Active
Banco YETU S.A.	Bolsa de Divida e Valores de Angola	2018-00-00	BANCOYETU	Angola	Active
Finibanco Angola S.A.	Bolsa de Divida e Valores de Angola	2020-00-00	FINIBANCO	Angola	Active
Lwei Mansa Musa Brokers Sociedade Correctora de Valores MobiliArios S.A.	Bolsa de Divida e Valores de Angola	2021-00-00	LMB	Angola	Active
Madz Global S.A SCVM	Bolsa de Divida e Valores de Angola	2023-03-21	MADZ	Angola	Active
Prime Solutions SCVM S.A.	Bolsa de Divida e Valores de Angola	2023-02-06	PRIME	Angola	Active
Standard Bank de Angola S.A.	Bolsa de Divida e Valores de Angola	2015-07-07	SBA	Angola	Active

The Clothing Industry in Angola 2020