Facts
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- Published on Friday, 20 May 2011 06:39
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Angola is one of the fasted growing economies in the world. It has estimated reserves of 10 billion barrels of oil, and is the fourth largest producer of diamonds in the world; has million hectares of arable land; many valuable minerals and one of Africa's largest water reserves. This country was once the world's fourth largest coffee producer, a major iron ore producer and an exporter off high-quality marble , food and sisal. Now, following the advent of peace, the GoA plans to restore Angola to its former position in the global economy. Inflation has been extremely stable in recent years, and continues it's downward trend while the exchange rate has stabilized.
- Oil is the country's major product and source of foreign currency.
- Angola is a source of top quality gemstones.
- The Lundas region is one of the most important diamond-producing areas in the world.
- The country's subsoil contains 35 of the 45 most important minerals in the world trade.
- Angola's fishing industry is in the process of being re-established.
- Ministry of Hotel and Tourism plans to build 40-50 new hotels in Angola before 2010 when Angola hosts the African Soccer tournament.
Thanks to its extensive river systems and varied environment, Angola has enormous potential for production of tropical and subtropical crops. Angola has great hydro electrical potential for the production of tropical and subtropical crops. Angola has great hydro electrical potential with its large fast-flowing rivers. Certain regions of Angola have ideal climatic conditions for productions of high quality coffee. The unexploited forests cover 43% of Angolan territory, with particular valuable timber species in Cabinda. The extensive river system facilities transport.
Picture: Serra da Leba in Huila - Angola
