U.s. Department of Commerce

Business Opportunities in Angola U.s. Department of Commerce

Angola is expected to enjoy strong economic growth due to stable oil prices. Oil proceeds sustain a thriving post-civil war reconstruction boom that presents lucrative opportunities in many business sectors. The Angolan market presents a high return, but high risk, opportunity to investors and exporters. Angola peacefully held its first-ever Presidential elections in August 2012. MPLA leader José Eduardo dos Santos, who has been President of Angola since 1979, won a convincing 72% of the vote and will continue to serve as President until at least 2017. Major export destinations for Angolan goods (mostly oil) are China, the United States, India, Taiwan, and Portugal. Angola imports mostly food, reinforcing bar, and vehicles from top trading partners: Portugal, China, the United States, Brazil, and South Africa (Angola Customs Agency).