Doing Business in Africa Forums
Our two‐hour “Doing Business in Africa” sessions are an integral part of the conference program. These forums are organized and run by the host country and give companies from around the globe the opportunity to gain insight on how to enter or expand in the market of the highlighted country. Attendees will have the opportunity to learn about business opportunities, governmental policies and private success stories from high‐level government officials and representatives from the host country. Attendees will also network with other businesses interested in the highlighted country, meet face to face with country policymakers and business representatives and build potential partnerships for the future.
The cost to host a “Doing Business” Forum is $25,000 and includes a dedicated two‐hour time slot in the Summit program, planning/coordination assistance, marketing, audio/visual and administrative services. Forum slots are limited and are available to interested countries on a first‐come, first‐served basis. Cost includes two (2) full summit registrations exclusive of speakers.
Recent Summits featured forums in Doing Business in..
Democratic Republic of the Congo
For more information, contact Carla Battle on firstname.lastname@example.org or 202-835-1115.
2016 U.S.-Africa Business Summit Doing Business in Africa Forums
Doing Business in Angola
Oil production and its supporting activities account for more than 50% of Angola’s GDP, 70% of government revenue and 90% of the country’s exports today, but there is more to Angola than oil and gas. Angola is the second largest oil producer in sub-Saharan Africa and if current trends continue, they are projected to be number one in the next 5 years.
Many investors are unaware of Angola’s rich agricultural history. Prior to the civil war, Angola was a key exporter of numerous agricultural products, including coffee, maize, tobacco and rice. In the early 70s, Angola became the world’s fourth largest coffee exporter. Underpinning the country’s research capabilities were good agricultural credit and rural trading as well as favorable climatic conditions, vast water sources – including plentiful rainfall and surface water – and fertile soil.
Downtown Luanda is undergoing a beautifying renovation. Newly laid roads and related transport infrastructure are one of Luanda’s - and Angola’s - greatest needs. Housing costs in Luanda on average can be quite high and it is recommended that companies cover the accommodation costs of their employees for the duration of their stay. However, accommodation costs in other provinces may be more affordable. Though the high towers and condominiums will bring big returns, the greatest opportunity for investment exists in lower-cost housing. About 40 – 45% of the country’s population lives in the capital, and as this number grows, the need for low cost housing in Luanda will become more apparent, as well as in other provinces of the country.
The Angolan banking sector has seen astronomical growth. Total assets skyrocketed from $2.9 billion in 2003 to an estimated $62.5 billion in 2012. Such figures make the sector the third largest in Sub-Saharan Africa after Nigeria and South Africa. To support further growth of the financial sector, the government has recently in August 2015 introduced a New Private Investment Law (NLIP) aimed at reducing bureaucracy and facilitating greater repatriation of capital among other things.
For more information, please contact the U.S.-Angola Chamber of Commerce