The starting point on Angola needs to be the recognition that it is a post-conflict country (hostilities ended in 2002) with large oil receipts (95 percent of exports and 75 percent of budget revenues and near half of GDP in 2013), and faces the opportunities and challenges of both. Large oil receipts have underpinned solid growth, but also make the country vulnerable to oil price volatility.
The starting point on Angola needs to be the recognition that it is a post-conflict country (hostilities ended in 2002) with large oil receipts (95 percent of exports and 75 percent of budget revenues and near half of GDP in 2013), and faces the opportunities and challenges of both. Large oil receipts have underpinned solid growth, but also make the country vulnerable to oil price volatility.
Organic farming and ethanol from sugar cane are just some of the innovations that are helping to transform the agricultural sector across Africa. However, ensuring food security for the continent´s one billion people remains the first priority.
Organic farming and ethanol from sugar cane are just some of the innovations that are helping to transform the agricultural sector across Africa. However, ensuring food security for the continent´s one billion people remains the first priority.
U.S. President Barack Obama’s initiative aims to boost electricity capacity on the continent by 30,000 MW by 2030.
U.S. President Barack Obama’s initiative aims to boost electricity capacity on the continent by 30,000 MW by 2030.
Jordan Phosphate Mines is a mining company based in Jordan. It was founded in 1949 and its main offices are located in Amman. The company operates 3 mining facilities in Jordan and a chemical manufacturing complex in Aqaba. The company's name is abbreviated to JPMC and its stock is listed on the Amman Stock Exchange's ASE Weighted Index as "JOPH".
Jordan Phosphate Mines is a mining company based in Jordan. It was founded in 1949 and its main offices are located in Amman. The company operates 3 mining facilities in Jordan and a chemical manufacturing complex in Aqaba. The company's name is abbreviated to JPMC and its stock is listed on the Amman Stock Exchange's ASE Weighted Index as "JOPH".
Government programs aim to expand basic insurance coverage, as economic growth increase boosted by mineral resources revenues. The insurance subsector has a huge potential for being explored and developed by foreign investors.
Government programs aim to expand basic insurance coverage, as economic growth increase boosted by mineral resources revenues. The insurance subsector has a huge potential for being explored and developed by foreign investors.
Morocco’s financial sector expands into the wider region as new legislation is approved that will allow Islamic banking for the first time in the Kingdom
Morocco’s financial sector expands into the wider region as new legislation is approved that will allow Islamic banking for the first time in the Kingdom
Petroleum will continue to dominate Angola’s economy for the foreseeable future. But as Petroleum Minister José María Botelhos de Vasconcelos points out in this interview, Angola’s dependence on oil has been reduced in recent years, as other industries contribute more to tax revenues and to overall economic growth.
Petroleum will continue to dominate Angola’s economy for the foreseeable future. But as Petroleum Minister José María Botelhos de Vasconcelos points out in this interview, Angola’s dependence on oil has been reduced in recent years, as other industries contribute more to tax revenues and to overall economic growth.
Already the world's fifth-largest diamond producer, Angola is set to benefit from the surge in demand for the gems among consumers in rising economies such as China and India.
Already the world's fifth-largest diamond producer, Angola is set to benefit from the surge in demand for the gems among consumers in rising economies such as China and India.
In a historic role reversal, Angolan companies have been investing heavily in Portugal since 2008, aiding the former colonial power to survive the economic crisis. This “strategic partnership” has not been without controversy, but is likely to continue as Portugal´s economy recovers and Angola’s continues to grow apace.
In a historic role reversal, Angolan companies have been investing heavily in Portugal since 2008, aiding the former colonial power to survive the economic crisis. This “strategic partnership” has not been without controversy, but is likely to continue as Portugal´s economy recovers and Angola’s continues to grow apace.
In partnership with major international oil companies, state-owned Sonangol has made a firm commitment to developing Liquefied Natural Gas (LNG). Although vexed by technical delays and interruptions, the Angola LNG project still looks to be the future of the country’s most important industry. Meanwhile, exploration continues for vast new reserves of crude to offset the declining output in existing oilfields.
In partnership with major international oil companies, state-owned Sonangol has made a firm commitment to developing Liquefied Natural Gas (LNG). Although vexed by technical delays and interruptions, the Angola LNG project still looks to be the future of the country’s most important industry. Meanwhile, exploration continues for vast new reserves of crude to offset the declining output in existing oilfields.
