Promoting access to water for all
Improving access to reliable energy
Developing the agriculture sector
Shortly after gaining independence from Portugal in 1975, Angola experienced a 27 year-long civil conflict that had a heavy human toll, ravaged the economy and much of the country's infrastructure. Since 2002, the country has been rebuilding itself, while also tackling an economic crisis related to the recent drop in oil prices. In view of the limits of the economic model adopted in recent decades, the Government has made the diversification of the economy its priority.
Angola can rely on extensive natural resources: it was Africa’s leading oil producer in 2016 and 2017, it has considerable reserves of diamonds and other mineral resources, while the country’s surface is covered by one of the most extensive water networks in the region. In addition, it has a considerable and predominantly young human capital. With some 1,800 km of coastline, located at the junction between Southern Africa and Central Africa, Angola has the geographical potential to become a major economic and commercial platform for the region. It is a member of SADC and ECCAS and is actively involved in restoring peace to the Great Lakes region. It is thereby asserting its regional role and is taking steps to develop the regional interconnection of its infrastructure networks.
With some 25.8 million inhabitants, 63% of whom are urban dwellers, Angola is the seventh most populous country in Africa. There are high levels of inequality in the country, despite the fact that it has the status of middle-income country (MIC) and the third largest GDP per capita in Sub-Saharan Africa. Poverty remains pervasive and 28% of the population was living under the international poverty line of USD 1.90 a day in 2014. Life expectancy stands at 52.3 years, one child in 6 does not go to school and the World Bank estimates that over half of the population suffers from periodic malnutrition.
AFD is helping the Angolan Government achieve its objectives of economic diversification (NDP), inclusive and sustainable development (SDGs) and climate change mitigation and adaptation (Paris Agreement).