why invest in angola

152 Pages·2015·5.43 MB·English

WHY INVEST IN ANGOLA • ANGOLAN NATIONAL PRIVATE INVESTMENT AGENCY - ANIP
WHY
INVEST IN
ANGOLA
2015
ANGOLAN NATIONAL PRIVATE INVESTMENT AGENCY
THE ONE-STOP GOVERNMENT ENTITY FOR
PRIVATE INVESTMENT ISSUES
BY
MARIA LUÍSA ABRANTES
TRANSLATION AND COPY-EDITING
LYNN DE ALBUQUERQUE
ANIP HEADQUARTERS
RUA CERQUEIRA LUKOKI Nº 25, 9º ANDAR
LUANDA - ANGOLA
TEL: +( 2442 ) 391 434 / 331 252 / 92444 - 222
DATE
FAX: + ( 2442 ) 393 381
February 2015
[email protected]
www.anip.co.ao
PRODUCED BY
ZONGUE PRODUCTION
COPYRIGHT©
DESIGN BY
VELCRUM.PT ANIP - AGÊNCIA NACIONAL DE INVESTIMENTO PRIVADO
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CONTENTS . INDEX
07 Anip Mission And Main Activities
08 Angola General Data
09 General Goals For Economic Policy
10 How To Invest
13 Obligations
14 Business Opportunities The Construction And Infrastructure Sectors
20 National Urbanization And Housing Program (Pnuh)
32 The Transportation Sector
46 Agricultural Sector
58 Coffee Production
64 Fisheries Sector
72 The Telecommunications Sector
74 The Water Sector
86 The Power Sector
98 The Mining Sector
104 Industrial Minerals
105 Manufacturing Industry Sector
110 The Oil Sector
114 Tourism, Hospitality And Services
124 Social Sectors
130 Inside Angola
131 The Province Of Luanda
131 The Province Of Bengo
132 The Province Of Benguela
132 The Province Of Cabinda
133 The Province Of Kuanza Sul
133 The Province Of Namibe
134 The Province Of Huíla
134 The Province Of Zaire
135 The Province Of Uíge
135 The Province Of Huambo
136 The Province Of Kuanza Norte
136 The Province Of Kuando Kubango
137 The Province Of Bíe
137 The Province Of Lunda Sul
138 The Province Of Lunda Norte
138 The Province Of Malanje
139 The Province Of Moxico
139 The Province Of Cunene
141 Contacts
145 Angolan Companies
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WHY INVEST IN ANGOLA • ANGOLAN NATIONAL PRIVATE INVESTMENT AGENCY - ANIP
SOURCES
PND – Plano Nacional de Desenvolvimento (2013-2017)
Angolan National Development Plan (2013-2017)
Revista RUMOS do Ministério dos Transportes
RUMOS Magazine from the Ministry of Transportation
Plano de Acção 2013-2017 do Ministério da Energia e Águas
Ministry of Water and Energy Action Plan 2013-2017
Website do Ministério das Finanças
Ministry of Finance
http://www.minfin.gv.ao
Powerpoints do Ministério da Agricultura
Powerpoints from the Ministry of Agriculture
Powerpoint do Ministério da Indústria
Powerpoint from the Ministry of Industry
Ministério das Telecomunicações e Tecnologias de Informação
Ministry of Telecommunications and Information Technology
Plano Director do Ministério da Hotelaria e Turismo
Ministry of tourism and Hospitality Action Plan
Website da ENDIAMA
http://www.endiama.co.ao
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MARIA
LUíSA
ABRANTES
Secretary of State and
Chair of the Board
of Directors
CEO
ANIP / USA
Dear Investor,
Angola, with an attractive market of some 20.9 million consumers, is strategically located
on the Atlantic coast of West Africa, where it acts as an open gateway to Southern and
Central Africa by way of road and railroad networks.
Forming approximately 12% of Africa’s hydrographic network, the country boasts very rich
WATER RESOURCES, with good arable land and a vast potential in mineral resources.
Angola is currently “navigating” the turbulent waters of international economic turmoil
with economic growth and stability, even though the Government is heavily engaged in
financing the renovation and construction of basic infrastructure, as well as schools and
hospitals.
The Angolan Government, working through the National Private Investment Agency-ANIP,
which is the only accredited entity responsible for its private investment policy (national
and FDI), is thoroughly committed to protecting every private investor wishing to invest in
Angola.
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WHY
INVEST IN
ANGOLA
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WHY INVEST IN ANGOLA • ANGOLAN NATIONAL PRIVATE INVESTMENT AGENCY - ANIP
JOSÉ
EDUARDO
DOS SANTOS
President of Angola
ANIP MISSION
AND MAIN ACTIVITIES
• Promote the Government’s policy on foreign investment, agreements for technology imports, and perform any activities
assigned to it by the Government in this matter;
• Coordinate, guide and oversee private investment in Angola;
• Promote the participation of the country in International Organizations at meetings on foreign investment and technology transfer issues;
• Undertake, either in Angola or abroad, promotional actions to attract those private investments that are most beneficial
to the country’s economy;
• Analyze direct investment proposals and/or technology import agreements, and grant the necessary legal authorizations;
• Intervene in evaluating, negotiating and monitoring every phase of private investment agreements;
• Advise and guide investors in the installation phase, particularly when in contact with other local entities;
• Keep a register of national companies with foreign capital, foreign investment operations, and of other capital operations
of foreigners in national companies.
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ANGOLA
GENERAL DATA
GEOGRAPHICAL LOCATION DATA: West Coast of Southern Africa
AREA: 1,246,700 km2; 1,650 km maritime frontier; 4,837 km land frontier
FRONTIER: by land 4,837 km; Congo, Democratic Republic of Congo, Zambia and Namibia; sea - 1,650 km Atlantic Ocean
CLIMATE: Tropical
AVERAGE AIR TEMPERATURE: 30ºC (max), 17ºC (min)
INHABITANTS: 24,383,301
CAPITAL: Luanda (more than 5,000,000 inhabitants)
ADMINISTRATIVE DIVISION: 18 Provinces
MAIN CITIES: Luanda, Benguela, Lobito, Lubango, Namibe and Cabinda
MAIN HARBORS: Luanda, Lobito and Namibe
MAIN AIRPORT: 4 de Fevereiro in Luanda
MAIN RIVERS: Kwanza, Cunene and Cubango
HIGHEST POINT: Moco Hill (2.620m) in Huambo
MAIN BEACHES: Ilha do Cabo, Palmeirinhas and Mussulo (Luanda); Baía Azul, Caota and Caotinha (Benguela); Restinga (Lobito);
Miragens, Azul (Namibe)
LANGUAGE: Portuguese - official; Plus various local dialects: The main ones being Umbundu, Kimbundu, Kikongo, Fiote, Chokwé, etc
MAIN RELIGIONS: Catholic and Protestant
CURRENCY: Kwanza (Kz)
PRESIDENT: José Eduardo dos Santos
GOVERNMENT: Democracy led by MPLA
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WHY INVEST IN ANGOLA • ANGOLAN NATIONAL PRIVATE INVESTMENT AGENCY - ANIP
GOVERNMENT VISION
FOR ECONOMIC POLICY
• Achieve and consolidate political stability;
• Maintain and consolidate current macro-economic stability;
• Improve productivity and social infrastructures;
• Revive the production of national goods and services;
• Reform the administration of the State throughout the whole of national territory;
• Improve social services (Education and Health);
• Increase private investment in sectors that generate more jobs;
• Facilitate access to credit for micro, small and medium-sized enterprises and access to first job.

ECONOMIC POLICY ASSUMPTIONS:
• Anual oil production: 669,1 million barrels per year
• Oil price: 40 (USD/bbl)
CURRENT GOALS:
• General rate of growth of GDP: 8%
• Oil & Gas GVA growth rate: 9.7%
• Non Oil & gas growth rate: 4.5%
• Annual inflation rate between 7 and 9%
MACROECONOMIC POLICY 2012 2013 2014 2015
ANNUAL OIL PRODUCTION (m.b.a / USD) 631.9 626.3 604.4 669.1
OIL PRICE ( USD / bbl. ) 111.6 107.7 104 40
GDP % 5.2 6.8 4.4 6.6
Oil GDP % 4.3 0.9 -3.5 9,8
GDP NOT PETROLEUM % 5.6 10.9 8.2 5,3
ANNUAL INFLATION RATE % 9.0 7.7 7.5 9
EXCHANGE RATE 95.4 96.6 97.8 103,4
REVENUE 46.5 40.2 34.4 23,3
EXPENDITURES 39.8 39.9 34.5 30,3
In 2014, o GDP was aKZ 11 495 2 MIl MIlhões (Us$ 116 939 bIllIon)
estIMateD GDP 2015 Is aKZ 11 534 9 MIl MIlhões (Us$ 111 556 bIllIon)
In 2014, o GDP Per caPIta was Us $ 5.010/year
ratInG: MooDy’s ba2- (2015)
soUrce: natIonal DeveloPMent Plan anD MInIstry of fInance, anGola httP://www.MInfIn.Gv.ao/Docs/DsPorcacorren.htM
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HOW TO
INVEST
THE
INVESTMENT
FROM USD 1 MILLION
APPROVAL APPROVAL
CONTRACTUAL CONTRACTUAL SCHEME
SCHEME ( ANIP ) ( CABINET )
UP TO USD 10 MILLION OVER USD 10 MILLION
= 60 DAYS ( MAXIMUM ) = 75 DAYS ( MAXIMUM )
ANIP
APPLICATION FORM
USD 250
EXCEPTION
Shares held by Private Companies, where the State owns 50% or more of the capital
stock, are not considered as coming under the private investment regime.
REQUIRED DOCUMENTATION
1. Presentation of Proposal: Form ( description, inventory of equipment and facility )
1.1. Bylaws if investor is shareholder of already existing company
2. Draft Articles of Incorporation for Creation of Company
3. Certificate authorizing company name
4. Annual Financial Reports for the last 3 years - Investments in individual name
4.1. Certificate of financial capacity
4.2. Certified criminal record
5. Power of Attorney ( if necessary )
AFTER APROVAL
ANIP - ISSUES CRIP AND SENDS COPIES TO:
• Central Bank (BNA), which authorizes foreign capital transactions
• Customs Authorities
• Regulatory Ministries
INVESTOR SHOULD:
• Register company
• Publish bylaws in State Gazette ( Diário da República )
• Obtain business activity license ( Ministry of Commerce )
• Register with tax authorities ( Ministry of Finance )
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