Increasingly diversified, industry is moving beyond hydrocarbons, in the form of crude oil and natural gas, into other sectors.
Last year, the most dynamic fields were mining, manufacturing and commercial services. Mining for diamonds and iron ore has long been a consolidated economic activity in Angola, yet today, companies are also targeting other valuable minerals such as manganese, gold, copper, phosphates, granite, marble, and uranium, among others.
Manufacturing has been on the rise since 2002, with demand for construction materials higher than ever before, as well as for many other products that are currently being imported.
Telecommunications and banking rank among Angola’s most rapidly evolving sectors and hold huge potential for investors.
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