Angola has become a shining example of how a country can transform itself. From 2002 to 2010, it boasted an annual GDP growth rate of 11 percent, the highest in the world. Its growth has brought improvements to living standards as well as greater investments in infrastructure and interest from international investors.
After more than one year of launching operations in Angola; Standard Bank, based in South Africa, has strengthened the domestic commercial banking sector by emphasizing growth through services to corporate clients in the energy sector.
The executive president of Banco de Fomento de Angola (BFA), Emdio Pinheiro, always maintained that matching good planning, strategic analysis, and proper banking practices to boost economic growth, along with the need for more investments, and the formalization of the Angolan economy, would reap outstanding rewards.
Mota Engil outperforms market trendsConstruction company shows durability amid tough economy Angola enjoyed a booming economy a few years ago, but the last two years were challenging.
Giasop embarks on food production missionAngolans had long been dependent on purchasing expensive imported foods.
Country aims for economic growth, ups social spending
Angola has become a shining example of how a country can transform itself.