Posts Tagged ‘Angola’
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.
South Africa-based Nampak Bevcan recently opened a US$160 million beverage can factory in Angola. How we made it in Africa discussed the investment with Erik Smuts, MD of Bevcan.
“International investors have picked up official signals that opportunities are not restricted to the oil industry.”
“Applying sound business judgement principles to the myriad of opportunities on offer in the Angolan marketplace can certainly make the market work for those with an appetite for Angola.”
Finding good and secure accommodation for expatriate employees is a real challenge in many African cities and costs can be significant compared to other regions.
New legislation on private investment is set to help Angola attract overseas investors.