The Business Year: Angola 2024

Book excerpt: Angola’s economy stood at the crossroads of transformation throughout 2023, with officials confronting the challenges that have swept the globe of late, including inflationary pressure, while attempting to draw up plans for more sustainable development. The country’s fortunes remain tightly intwined with those of the oil and gas sector, which continues to represent a sizeable portion of GDP. This renders the country susceptible to the undulations of global oil prices, something that will need to change longer term. It is against this backdrop that we teamed up with AIPEX and the Chamber of Commerce and Industry of Angola (CCIA) to produce this 170-page publication featuring interviews with business leaders from every major sector of the economy, as well as a range of articles and analysis.