Posts Tagged ‘Angola’
PwC says investors should look beyond Lagos, Kinshasa and Johannesburg.
“There is a growing appetite for high-end consumer products such as smartphones.”
“Things are improving in the country but the change will not happen overnight.”
“Companies that are willing to take risks are seeing the benefits and returns in Angola.”
Africa has 52 cities with populations of 1m or higher – the same number as for Europe.
CE speaks about Standard Bank’s new business in Angola.
South Africa, Nigeria and Egypt are not the only countries with strong economic growth.
Rand Merchant Bank highlights growth in Ghana, Rwanda and Ethiopia.
Grant Dutton, MD of South African coffee shop chain, vida e caffé, talks about the potential he sees in other African countries.
“There is no such thing as making a quick buck here. Don’t expect things to happen quickly, you need to be extremely patient.”
“Most people I have so far spoken to confirm that Angola is an extremely difficult place to do business.”
“Even though I knew Angola’s capital is famously the most expensive city in the world, prices are even beyond one’s wildest imagination.”
International media has recently been in a frenzy over the ‘ghost town’ built in Angola by the China International Trust and Investment Corporation (CITIC) just 30km outside capital city of Luanda.
The city of Luanda in Angola has been ranked as the second most expensive place for expatriates to live in the world, according to this year’s Mercer’s Cost of Living survey.
Many might find it hard to believe that Angola’s capital Luanda used to be the party capital of the central African region up until 1975, when the country gained independence from Portugal.