Ver Angola

Economy

Angola among the ten best African countries to invest this year

Angola is among the ten best African countries to invest in this year. The country appears in second-to-last place on the list, which is led by Nigeria.

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According to an article by Business Insider Africa, the list is led by Nigeria. The second and third places are occupied by Egypt and South Africa, respectively.

Algeria, Morocco, Kenya, Ethiopia, Ghana and Ivory Coast are also on the list.

In the publication, where Angola appears after Ghana and before Ivory Coast, the fact that Angola is fertile in oil, gas and agricultural land is highlighted.

The report on investment risks and opportunities in Angola, cited by the website, states that Angola is the second largest oil producer on the continent.

Furthermore, according to 'Statista' - also quoted by the website - the country has a Gross Domestic Product (GDP) of around 66.49 billion dollars. However, 'Trading Economics' predicted that the value of GDP could exceed around 100 billion dollars by 2022.

The fishing, construction, storage, transport and trade sectors are also highlighted, which contribute to the increase in GDP and present themselves as a growth opportunity for investors, writes 'Business Insider Africa'.

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