Although Angola has made advances in its diversification efforts, the economy continues to be heavily dependent on crude oil with 94 percent of exports and 60 percent of fiscal revenues being ...
The oil crises and the COVID19 exposed the unsustainability of Angola’ growth model. Oil still represents over 60 percent of fiscal revenues, 33 percent of GDP, and over 90 percent of exports. Export ...
Despite its vast arable land and abundant water resources, Angola still imports most of its food. In 2022, according to figures from the National Bank, Angola spent around $3 billion on food imports.
More than 80% of Angola’s agricultural produce comes from small farmers. Diversification can be accelerated by reducing the bureaucratic hurdles to accessing state land for farming, Pedro says.
An IMF team lead by Ms. Mika Saito held Angola’s 2025 Article IV consultation discussions during December 1-16. Angola’s ...
Angola usually makes economic headlines on the back of its substantial oil industry, but the south-west African country is in the midst of an ongoing diversification programme that is having mixed ...
The national workshop was organized in the context of the presentation of UNCTAD’s Investment Policy Review of Angola. It took place on 4 and 5 September with participants from the public and private ...
The fall in the oil price and the de-dollarization of the economy has done even more to highlight Angola’s over-dependence on oil. As a result, the diversification of the economy is higher-up on the ...
Luanda — The draft General State Budget (OGE) for 2026, which is currently under debate in parliament, is the first in Angola's history to anticipate surpassing oil revenues with non-oil revenues.
Oil, investment, debt, agriculture… Angola’s ‘super-minister’ José de Lima Massano, a banker-turned-politician, defends Lourenço’s reforms and says oil dependence can end.
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