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Angola

Angola Leads Oil Production in Africa

Luanda with its 1.7 million barrels of crude oil a day, well above Nigeria's 1.5 million, Angola stood in September this year, for seven running months, at the head of the African oil producing countries. The information is contained in a report from the Organisation of Petroleum Producing and Exporting Countries (OPEC). The report states that Nigeria led the African ranking in 2016 with its 1.8 million barrels a day, against Angola's 1.7 million, but recorded a drop to 1.4 million in May this year, caused by terrorist attacks, armed groups and internal political instability.

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The many opportunities Angolan entrepreneurs have and the help they need to seize them

At the recent US-Africa Business Forum, Strive Masiyiwa, founder of telecommunications company Econet Wireless, said: “When young people have ideas, the first and most important thing is to listen to them and to take them seriously. “What they need is support. They need support from their governments, their regulators they need investment so they can grow.” The Global Entrepreneurship Week (GEW) initiative is a big step towards accomplishing that. Every November, for one week, it celebrates the individuals – not just young people who have embraced the entrepreneurial spirit, who have launched start-ups, who are helping drive economic growth, and who wish to create a positive impact in their countries.

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