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Angola
EDC Position-open select programs

EDC's Position

  • Targeted approach to business
  • EDC is open under select programs, subject to regular approval criteria

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Country At A Glance

Flag of Angola
Map of Angola

Country Facts

Nominal GDP80.81 Billion USD
Population18.99 Million
Total Trade/GDP110.47%
CurrencyAngolan Kwanza (AOA)
Merchandise Imports from Canada66.3 Million CAD
Main importsConsumer Goods, Intermediate & Capital Goods

EDC in Angola

Canadian companies assisted4
International buyers insured6
Business volume12.80 Million CAD

Business Environment

Angola has been experiencing strong economic growth in recent years and has become a top oil producer in Sub-Saharan Africa. This growth, mainly attributed to the oil and gas sector, has been facilitated by Angola’s stable political environment owing to a high level of centralization under the presidency. The country remains vulnerable to oil prices and has limited institutional capacity. Angola is part of the Southern Africa Development Community (SADC). Although exports from Canada are limited, we see good export opportunities across a wide range of sectors that match Canadian capabilities.

Key Industries

  • Oil and Gas
  • Mining & Metals
  • Construction & Infrastructure
  • Power
  • Agriculture

How we can support your business

Through our Head Office operations in Ottawa, we provide support to Canadian companies planning on or currently doing business in Angola. Our market experts have developed strategic relationships with major buyers in several sectors as well as a network of local contacts in the market.

  • We are positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.
 

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