Public Management

Angola’s economy to grow by 2.6% on average in 2019-2023 (EIU)  

Angola’s economy to grow by 2.6% on average in 2019-2023 (EIU)  
Monday, 28 January 2019 16:00

Angola’s economy should record average growth of 2.6% in the four coming years, a report published by the Economist Intelligence Unit (EIU) and quoted by Macauhub last week, reveals.

According to the media, these new outlooks mark the southern African country’s entrance into a period of stronger growth ; higher than the 1.4% average growth recorded between 2014-2018.

The report reveals that this performance will be spurred by the future launch of Kaombo oil field as well as a rise of public expenditures and consumption.

The report also indicates that the expected growth is way below the figures recorded between 2004 and 2014 because of the country’s strong dependency on oil revenues while the diversification strategy initiated by Joao Lourenço since his election has, for the time being, yielded just modest results.

Let’s note that the EIU expects a decrease of the per capita income in the country by 2023.

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
• CEMAC MFI Non-Performing Loans edge up 8.9 % to 178B CFA in 2024, regional review shows• BEAC study notes one member hosts 73.7 % of CEMAC’s...
• Equatorial Guinea’s economy will contract by 3.1% in 2025 after a modest 0.9% growth in 2024.• Afreximbank will raise $4.5 billion to fund the...
Legal appeals and calls for stability following leadership shake-up delay the Group’s listing on the Central African stock exchange. Highlights ●...
Cenntro has signed a deal with Moroccan firm Electricove to build an EV assembly plant. The factory will assemble models like the Teemak and LS450...
Most Read
01

The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognize...

10 African Fintech Unicorns and Upstarts Make World’s Top 300
02

By linking ECOWAS countries, the project enhances regional digital infrastructure, which is crucial ...

Liberia, ECOWAS & World Bank collaborate on second West Africa submarine cable plan
03

As digital technologies reshape Africa's job market, digital skills are becoming crucial for youth i...

Africa Faces 'Critical' Digital Skills Gap as Youth Population Booms, UN Warns
04

Non-bank institutional investors, though still a minority, are increasing their presence in the West...

Non-Bank Investors Gain Foothold in WAEMU Sovereign Debt Market
05

Highlights: • $20 billion in investment pledged by Chinese firms for agriculture, mining, auto...

Nigeria Secures $20 Billion in Chinese Investment to Drive Industrial Growth
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.