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 1.1% in 2016 but is expected to pick up to 2.3% in 2017, and further to 3.2% in 2018, owing to planned increase in public spending and improved terms-of-trade as oil price recovers.
  • Angola needs to increase investment in human capital, pursue economic diversification to reduce economic vulnerability in order to graduate to middle-income status by 2021.
  • Development of local industries and strengthening of entrepreneurship skills is critical to strengthen economic recovery and foster inclusive growth.

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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 Country office

Banco Africano de Desenvolvimento

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

Tel : +244 222 701 000/ +244 930 049 256

Fax: +244 222 035 788

Mr. Joseph Ribeiro, Country Manager

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