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The One Stop Shop offers concise information for
investors in order to reduce bureaucracy and simplify
the investment process
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Industrial
and medical gas company Angases is building on
an illustrious reputation with lucrative new national
contracts
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Oil
services company Sonamet, renowned for quality
and safety, has worked with all major international
oil operators in Angola
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REGIONAL
industrial powerhouse prior to the war, Angola is now
facing the challenge of reconstructing its industrial
sector after three decades of decline.
In
the 1970s, Angola was the worlds fourth largest
coffee producer and 80% of its exports were composed
of a wide range of commodities such as fish, flour,
cotton, corn, timber, and iron. Over the last 25 years,
however, economic activity has all but collapsed in
most sectors except oil and diamonds, leaving the Angolan
economy heavily dependent upon imports and highly vulnerable
to shocks from fluctuating oil prices.
Production
in the coffee industry Angolas chief export
earner after oil and employer of over 6% of the population
has plummeted from 400,000 tons per year in the
early 1970s to around 2,000 today. Agricultural production
as a whole fell from 29% of GDP in 1991 to just under
6% in 2000, and the country will need to import more
than 725,000 tons of cereals in 2003.
Nevertheless,
the agricultural sector, as well as the construction,
manufacturing, and services sectors, registered double-digit
growth in 2002, a testament to the benefits of peace.
Angolans are confident that they can regain their industrial
standing, according to Mr. Ari Carvalho, Administrator
with the National Private Investment Agency (ANIP).
Angola
is a country full of history, which has to a large extent
been built upon the character of its people. Even after
all they have gone through, when you wander around the
streets of Angola in any province you see hope on the
faces of the people, he affirms.
We
went through colonization and civil war and now Angola
is a country ready for the next stage. We have great
natural resources, but the most important thing we have
is the Angolan persistency and ingenuity. Not many countries
that have gone through what Angola has gone through
are in as good a shape as Angola is right now, and I
think that is 90% to do with the character of the people.
Two
Angolan companies leading the way in the new industrial
initiative are Angases and Sonamet. Angases was founded
in 1949 to produce industrial and medical gases and
has more recently been granted an exclusive contract
to supply Coca-Cola with gas for their Angolan bottling
company. The company also does business across the country
for Sonamet, Petromar, the Port
of Lobito, and various beer companies.
Sonamet
was created in 1997 to support the oil industry and
has since built oil platforms for all of the major international
oil operators in Angola, including ChevronTexaco
and Exxon Mobil. Sonamets mission is to provide
state-of-the art fabrications, as well as sub-sea and
survey services, and is recognized as a manufacturer
that insists on quality and safety. The company is also
committed to being a leader in Angolas development
through the employment and training of local staff.
Sonamet has set up a school in Luanda to implement a
training program for local technicians and surveyors,
and is helping build a Made in Angola image
that is synonymous with quality and good business practices.
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