Angolan economy grows fast. Less than two years at the endmerge civil war has ravaged the former Portuguese colony is in fullboom, with growth that would reach 12% next year. Thus it came to be courted even by the former "country, mother," who, because of the crisis, is undergoing a tough austerity program and needsforeign direct investment as air, writes the French press.
Portuguese Prime Minister Pedro Passos Coelho, who wasvisiting last week in Luanda, said after a meeting with AngolanPresident Jose Eduardo Dos Santos, that "the Angolan capitalwas and is welcome". "Angola has made significant investmentsin Portugal, the financial sector in the industry," added the Portuguese Prime Minister.
Indeed, BIC Angolan bank Banco Portugues offered to negotiateto buy for 40 million. In September, an Angolan company becamethe owner of the largest furniture manufacturer in Portugal. Things that can be explained by the historical relations between the twocountries: Angola gained independence only in 1975, aftercenturies of colonialism.
Portugal has long been among the largest foreign investitzori in Angola, but after the outbreak of the crisis, things have changed:between 2009 and 2010, direct Portuguese investment in Angolafell three times, to only 226 million . On the other hand, the reverse: from 1.6 million Angolans direct investment in Portugal in 2002 reached 116 million in 2009, the record year. Between January and June, Angolans investment reached 46 millionAfricans euro.Primul that sector: real estate, followed by tradeand financial sector.
Portugal has long been among the largest foreign investitzori in Angola, but after the outbreak of the crisis, things have changed:between 2009 and 2010, direct Portuguese investment in Angolafell three times, to only 226 million . On the other hand, the reverse: from 1.6 million Angolans direct investment in Portugal in 2002 reached 116 million in 2009, the record year. Between January and June, Angolans investment reached 46 millionAfricans euro.Primul that sector: real estate, followed by tradeand financial sector.
Angola is what's the 23rd country in the world in terms ofsuprefeţei, but only has a population of 13.3 million inhabitants,and one of the lowest life expectancies in the world. High growthrates (13% in 2008, but in sharp decline due to crisis in recent years) are due to the production of the oil, providing 85% of GDP(GDP at 107 billion USD-PPP, in 2010). Diamonds May bring additional 5%, but the country is subsistence agriculture, half of thefood being imported, and an infrastructure that is just nowrecovering from 27 years of civil war.
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