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April 1, 2015

Angola and Mozambique: Record Growth From Port to Port Webinar- U.S. Commercial ServiceApril 1, 201511:00 AM to 12:15 PM – state-wide

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Angola is the third-largest economy in Sub-Saharan Africa with a GDP of over US$124 billion, and average annual growth of 5%. The Angolan economy is driven by the oil and gas industry, but is rapidly diversifying as the country's growth has fuelled consumption and attracted foreign investors. The cost of doing business in Angola is high, but the rewards are commensurate.

Mozambique, with a population of 24 million, grew its economy on average by 8% annually from 1994 – 2009, a result of prudent macroeconomic reforms and large foreign investment projects. Though infrastructure remains weak and the population is still largely rural, the government is committed to building a strong commercial environment.

 

Contact

For more information, contact the Pittsburgh U.S. Commercial Service office at 412-644-2800, Office.Pittsburgh@trade.gov, or Tradewinds@trade.gov. 

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U.S. Commercial Service - Pittsburgh

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