Angola Country Profile

Snapshot of the Angola Country Profile


Angola's gradual liberalisation of its economy has attracted a large number of foreign companies. However, companies investing in most sectors reportedly still have to deal with highly corrupt and inefficient government institutions, often favouring local companies through patronage networks.

Positive developments in relation to corruption and investments:

  • The regulatory system in Angola is complicated and inconsistently enforced, but the government has generally made progress in establishing clearer and more transparent written regulations.
  • Transparency in the management of public funds has recently been enhanced thanks to the implementation of fiscal decentralisation and expenditure-tracking software.
  • The government has set up investment promotion agencies with the aim of simplifying the investment processes and reducing registration times for companies.

Risk of corruption:

  • Foreign investors should note that they are often encouraged to partner with Angolan companies, many of which turn out to be front organisations for government officials whose integrity and accountability are frequently questioned by observers.
  • The diamond sector, following the partial cleanup of the oil industry, now represents a new instrument for illegal income for members of the ruling elite.
  • Companies should also note that the Angolan procurement system is considered a high-risk area for foreign investors as procurement laws are inadequately enforced, thus creating possibilities for procurement officials to abuse the system.
  • The quality and integrity of the judicial system are reportedly worsening due to a lack of resources, and foreign investors should note that court rulings often favour local companies. Settling commercial disputes is time-consuming and unreliable due to inefficiencies and a politicised and corrupt judiciary.