Ver Angola


Transport and storage sector grew by almost 30 percent in 2021

The transport and storage sector grew by almost 30 percent in 2021, ending the year with a positive result of 23.7 billion kwanzas, after the losses of 2020, according to a report by the National Bank of Angola (BNA).


The study highlights that the transport and storage sector registered a positive behavior, with a growth of 28.9 percent, in 2021, against a strong contraction in the order of -38.7 percent, in 2020.

The report also indicates that the level of activity in the sector allowed a positive net result, estimated at 23.7 billion kwanzas, after a loss of 115.2 billion kwanzas.

In its final remarks, the report underlines that in the short term the transport and storage sector experienced improvements that were evidenced by the positive results analyzed in the period in reference, considering that in the medium and long term the financial situation is stable, remaining at the recommended levels (financial autonomy ratio of 50.36 percent and solvency ratio of 101.44 percent, among others).

"However, some aspects that deserve consideration were detected throughout the analysis, with emphasis on working capital, which showed a negative value. This situation is very worrying in the short term, insofar as the liquidity ratio presents values lower than unity ", reads the report.

"It can be said that it is a risky situation, given that the sector's investment cycle generates resources in the medium and long term, but it is being financed with short-term liabilities, despite the financial balance in 2021, and despite the treasury positive, a possible reduction in activity may lead to the inability to generate means to settle short-term liabilities", adds the research.

In 2021, working capital needs recorded a negative value of 308 billion kwanzas, as seen in the previous year, demonstrating that the operating cycle is not financing current liabilities.

According to the classification of economic activities in Angola, the transport and storage sector includes the transport of passengers and goods, whether regular or not, by rail, road, water and pipelines, as well as auxiliary transport activities, namely cargo handling, warehousing, traffic control, car parks, among others, freight forwarding agents and post office activity, as well as including the hire of transport with a driver or operator.

BNA statistics took into account data from 237 companies, of different classes and sizes, corresponding to 52 percent of turnover and about half of the companies operating in the sectors of transport, storage and travel and tourism agents.


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