Transcript Doing Business in Angola

Infrastructure Investment
Opportunities in Angola
American Council of Engineering Companies
Annual Conference
By: Hamilton Costa
ANIP USA Resident Representative
Washington DC - USA
April 30th 2014
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ANIP - Angolan National Private
Investment Agency
• ANIP is the only government entity
responsible for the execution of the national
policy on private investment, its promotion,
coordination, evaluation, approval and
supervision.
• Founded in 2003 by Decree No. 44/03 of 4
July 2003.
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Angola
Geographical location data : West Coast of
Southern Africa
Area: 1,246,700 km²
Maritime Frontier: 1,650 km (Atlantic Ocean)
Land Frontier: 4,837 km
(Democratic Republic of Congo, Zambia and
Namibia)
Climate: Tropical
Average Temperature : 30ºC (max) 17ºC (min)
Inhabitants: 20,900,000 (projection)
Capital: Luanda (more than 5,000,000 inhabitants)
Administrative Division: 18 Provinces
Main Ports: Lobito, Luanda and Namibe
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Angolan Economy: GDP Growth Rates
• Between 2000-2010 GDP grew at an
average of 11.25%.
• Since 1994, per capita GDP has risen by 7x
from US$ 591 to US$ 4,422 in 2010.
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Macroeconomic Indicators
2010
2011
2012
2013
696
605.9
657.3
673.5
77.9
110.1
103.8
96
3.4
3.9
8.1
5.6
° Non- Petroleum GVA growth rate %
7.8
9.7
9.1
6.6
° Petroleum GVA growth rate %
-3
5.6
4.3
7.3%
° Annual inflation rate %
15.3
11.4
9.02
9%
Fiscal (Percentage of GDP):
° Revenue
° Expenditure
43.7
42.2
43.3
38.2
36.5
2.90
33.4
1.4
35.6
9.4
41.6
3.4
Premises of the Economic Policy:
° Annual oil production (million/bbl.)
° Oil Price (USD/bbl.)
Goals of the Situation:
° General rate of growth of GDP %
° Public deficit
Rating: BB- (Standard & Poor)
External Debt: 5% of GDP
Source: http://www.minfin.gv.ao/docs/dspOrcaCorren.htm
Angolan Infrastructure:
Development Priorities
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Angolan Infrastructure: Development
Priorities
Angolan policymakers are keen to use oil revenues to
invest in the rehabilitation and expansion of the
country’s infrastructure
• Government plans include:
▫ Construction of new motorways, tertiary roads and
bridges
▫ Rehabilitate the road network
▫ Invest in residential and commercial property
▫ Expand port capacity
▫ Upgrade the three major railway lines
▫ Invest in a new rail line connecting Namibe to the
Cabinda Enclave
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Angolan Infrastructure: Development
Priorities cont.
Angolan policymakers are keen to use oil revenues to
invest in the rehabilitation and expansion of the
country’s infrastructure
• Government plans include:
▫ Invest approximately USD 18billion between 2009-2016
to expand hydroelectric generating capacity to 7000
megawatts by 2016
▫ Extend the transmission network across the country
 build 10 new thermal electricity plants
 link the grid to Southern African Power Pool (SAPP) and to
Western Power Corridor (WESTCOR)
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Angolan Infrastructure: Development Policy
Objectives cont.
Angolan policymakers are keen to use oil revenues to
invest in the rehabilitation and expansion of the
country’s infrastructure
• Government plans include:
▫ Construction of a new airport in Bom Jesus (located
40km southeast of Luanda)
▫ Rehabilitate the Cabinda airport
Angolan Infrastructure:
Key Upcoming Events
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Trade Mission to Angola: May 29th – June 5th
DIVERSIFYING INVESTMENT IN ANGOLA
• A joint initiative between the U.S.-Angola Chamber of
Commerce (USACC) and the Angola National Agency for
Private Investment (ANIP)
• Program includes the:
• Angola-US Business Summit & Roundtable;
• Briefings;
• Matchmaking Sessions;
• Meetings with Angolan government and industry officials
For more information and the complete mission agenda:
[email protected]
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Angola Infrastructure Conference: Luanda May 26th
PROMOTING INFRASTRUCTURE INVESTMENT IN ANGOLA
• A joint initiative between the Angola National Agency for
Private Investment (ANIP), World Bank(WB), International
Finance Corporation (IFC) and the Multilateral Investment
Guarantee Agency (MIGA).
For more information please contact:
[email protected]
1420 K Street, NW, Suite 600
Washington, DC 20005
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Thank you!
Invest in the future, Invest in Angola!
Contact Information
Hamilton Costa: [email protected]
Website: www.anip.co.ao ; www.anip-angola-us.com
PowerPoint by: Maria Luísa Abrantes
Translation by: Lynn de Albuquerque