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Angola Navigates Commodity Dependence and Diversification Challenges
WHAT YOU NEED TO KNOW Angola is sub-Saharan Africa’s third-largest economy; however, it remains a commodity-dependent exporter, leaving the country vulnerable to price shocks. Diversification is happening slowly, and hydrocarbons still account for about 50 percent of GDP and 90 percent of exports. President Joao Lourenco and the People's Movement for the Liberation of Angola (MPLA) won the 2022 legislative election with a reduced majority, but they are well-positioned to win the elections in 2027. … Continue Reading
Mário Almeida
