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.

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Angola Economic Outlook

  • Angola’s economy grew by 3.8% in 2015, and GDP growth will remain subdued, at 3.3% in 2016 and 3.5% in 2017, due to lower crude oil prices.
  • Policies to accelerate economic diversification and strengthen human development and equitable growth are needed to reduce vulnerability to external shocks.
  • Investment in economic and social infrastructure is needed to enhance the sustainability of the country’s urbanisation process.

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Key Facts

Capital: Luanda
Area: 1,246,700 sq km
Total Population 2017: 26.7 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 104.6 Billion
GNI Per Capita 2015: US$ 4,180
Inflation Rate: 21.75%
Crude Birth Rate (per 1000): 44.10%
Human Development Index (rank / 188): 150
Human Development Index (scale 0 to 1): 0.533
Membership Date: 23/06/1980
Cumulative Approvals (1967-2016): UA 1.4 Billion

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Angola field office

Banco Africano de Desenvolvimento

Rua Comandante Gika No.3, Edifício Garden Towers, 18o Andar, Torre B, Alvalade-Luanda.

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

Mr. Septime Martin, Resident Representative

Southern Africa Regional Development and Business Delivery Office

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

Tel: +27 12 003 6900