Angola

Angola Economic Outlook

  • Angola’s economy will suffer from significantly lower oil prices, with GDP growth expected to decelerate to 3.8% in 2015 and 4.2% in 2016, down from the 4.5% registered in 2014.
  • Structural reforms are imperative to enhance efficiency in the allocation of resources and create the conditions for a faster rate of economic growth and equitable development in the future.
  • Improved management of income from non-renewable resources is needed to enhance spatial inclusion and create savings for future generations.

Angola and the AfDB

Since resuming operations in the country in 2001, at the end of civil war, the Bank Group has regularly provided diversified support to Angola’s development efforts characterized by the following sector distribution: agriculture, rural development and environment (49%); social, including health and education (27%); water and sanitation (16%); and multi-sector (8%). To date, the AfDB Group has provided eight loans valued at a total of US $122.4 billion.

Contacts

Angola field office

Banco Africano de Desenvolvimento
Rua Rei Katyavala Building Rei Katyavala Ingombota
Luanda, Angola

Tel : +244 937240847/ +244 930049256/+244 935565656

Mr. Septime Martin, Resident Representative

Southern Africa Resource Center (SARC)

African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa

Tel: +27 12 003 6900

Mr. Kennedy Mbekeani, Officer-in-Charge