Market Brief on Angola

January 2018

Location Facts and Figures

Angola is situated on the West coast of Southern Africa, and is bordered in the North by Congo, and North and Northeast by Dem. Rep. of Congo (formerly Zaire), on the Southeast by Zambia, on the South by Namibia and on the West by the Atlantic Ocean.

Total Population 22.2 million

Area 1 246 700sq.km

Time Zone +1 hr GMT

Capital City Luanda

International Telephone Code

+244

Currency Kwanza

Exchange Rate (10/01/2018)

1 USD = 167.138 AOA

GDP (Est 2017) US$102.3 Billion

GDP per capita (Est 2017)

US$3 630.70

GDP Growth Rate (Est 2017)

1.5%

Ease of Doing Business (World Bank 2017 Report)

182/190

Inflation Rate (Est 2017)

38.3%

Official Language(s)

Portuguese

Other Languages Umbundu, Kikongo

Business Hours 0730am-1730pm Mon to Thursday; 0730am-1200pm Friday

Banking Hours 0730am-1730pm Mon to Thursday; 0730am-1200pm Friday

Literacy Rate 71.1%

Measures Metric System

Important International Participation

AU, SADC, WTO, UN, OPEC

Major Cities Population

Luanda 2 776 168

N’dalatando 383 100

Huambo 226 145

Lobito 207 932

Benguela 151 226

Kuito 113 624

Lubango 102 541

Malanje 87 046

Namibe 80 149

Soyo 67 491

Cities and Population

Angola Trade with the World

Major import sources of Angola (2015) Major export destinations of Angola (2015)

2011 2012 2013 2014 2015

Exports (US$'000) 66,427,390 70,863,076 67,712,527 58,672,369 33,047,779

Imports (US$'000) 20,790,996 28,722,984 26,756,063 28,753,499 16,757,790

0

10,000,000

20,000,000

30,000,000

40,000,000

50,000,000

60,000,000

70,000,000

80,000,000

US$

'00

0

16%

16%

12%

5%5%5%

5%

5%

5%

3%

23%

China Portugal USA Russia

South Africa Korea Brazil UK

Norway Germany Other

51%

11%

7%

5%

5%

4%

3%

3%2%

2%7%

China USA India

Taipei South Africa France

Spain Portugal Belgium

Italy Other

Source: Trademap

Source: Trademap Source: Trademap

Major import products of Angola (2015) Major Export products of Angola (2015)

Zimbabwe Trade with Angola

According to Trademap, Zimbabwe did not Export any products to Angola in 2016. However, it imported the following products from Angola during the same period:

Product US$ Value “000”

Frozen fish 13

Motor vehicles 12 Source: Trademap

Zimbabwe products with export potential to Angola

18%

10%

7%

6%

4%3%3%3%3%

2%

41%

Pressure valves

Electrical machinery and equipment (wire cables, generators)

Mineral fuels

Articles of iron or steel (bridges, pipes, doors, windows)

Aircraft, spacecraft, and parts thereof

Meat and edible meat offal

Plastics and articles thereof

Medical equipament

Products of the milling industry

Vehicles

Other

95%

3% 1% 1%

Fuels DiamondsMachinery Other

Source: Trademap Source: Trademap

• Meat and edible meat offal

• Dairy products, eggs, honey, edible animal product

• Edible vegetables and certain roots and tubers

• Edible fruit, nuts, peel of citrus fruit, melons

• Coffee, tea, mate and spices

• Sugars and sugar confectionery

• Cereal, flour, starch, milk preparations and products

• Beverages, spirits and vinegar

• Tobacco and manufactured tobacco substitutes

• Cereal, flour, starch, milk preparations and products

• Pharmaceutical products

• Fertilizers

• Articles of leather, animal gut, harness, travel goods

• Paper and paperboard, articles of pulp, paper and board

Useful Addresses Preferential Trade Arrangements

Embassy of the Republic of Zimbabwe in Angola Alameda do principe real Numeross 43, 45 E47 Bairro Miramar Luanda Angola Tel: +244 222 449938; 449876 Fax: +244 222 449549 E-mail: zimluanda@zimfa.gov.zw

Embassy of the People’s Republic of Angola in Zimbabwe Doncaster House 26 Speke Avenue/ Angwa Street P.O. Box 3950 Harare Tel: +263 4 770070; 770075 Fax: +263 4 756396 E-mail: info@angolaembassyzim.com Chamber of Commerce and Industry of Angola (CCIA) P.O Box 92 Luanda Tel: +244 2 44 4526 Fax: +244 2 44 4629 E-mail: ccira@ebonet.net

Ministry of Industry Rua Cerqueira Lukoko No. 25 P.O. Box 594 Luanda Tel: +244 222 33 7055; 222 33 4700 Fax: +244 222 39 2400; 222 33 7565 E-mail: gvmi-ag@ebonet.net; Website: www.mind-angola.com

Association of Angolan Industries (AIA) 6, Rua Fernando Cladeira, C.P.6127 Luanda Mobile: +244 91501544 Telefax: +244 222 444511 Fax: + 244 222 330624/380825 E-mail: aia@netcabo.co.ao

SADC Trade Protocol

Zimbabwe and Angola are both members of the SADC

Protocol. The Protocol is an agreement between SADC

Member States to reduce customs duties and other

barriers to trade on products from each other.

Though a signatory to the SADC trade Protocol, Angola

is yet to ratify. Exporting countries face full duty as they

export to Angola including SADC countries.

For more information on trading under SADC Trade Protocol refer to ZimTrade’s “Guide to Zimbabwe’s Trade Agreements”.

Travelling to Angola

• Zimbabwe nationals require a visa to travel to

Angola.

• A valid passport (at least 6 months) is required.

• Options to travel to Angola by air include:

✓ Harare-Angola (once a week- Wednesdays)

For more information, please contact us www.tradezimbabwe.com info@zimtrade.co.zw

+263-4-369330-41

Disclaimer: ZimTrade strives to compile reliable, research-based information that is passed on to our clients in good faith. Whilst every care has been taken in the production of this report, ZimTrade does not accept any responsibility for the accuracy of the information supplied. For more information about ZimTrade and its activities log on to www.tradezimbabwe.com