Civil Engineering April 2021 | Vol 29 No 3

Civil Engineering April 2021 53 Q Q Development of the logistics industry: Despite Angola’s poor overall performance in the 2019 Global Competitiveness Report, opportunities exist to develop the logistics industry given the country’s geographic location, abundance in natural resources and government commit- ment to develop the manufacturing industry. CONCLUSION Angola is one of the richest countries in the world in terms of natural resources. Although oil is still the dominant sector, government is prioritising huge investments in other sec- tors to diversify the economy and industrialise the country. Opportunities in the agribusiness, manufacturing, energy and logistics sectors deserve further investigation to determine the feasibility of such business opportunities. Although Angola is still in the early phases of industrialisation, political will exists to transform the economy and make it more attractive to foreign direct investment which the Angolan government perceives as a necessity for diversifying the economy. It is imperative however that investors and the private sector closely monitor the execution of key reforms in other areas (regulatory, institutional and infrastructure). Government and business are inextricably linked, and Angola is currently one of the bottom performers regarding the ease of doing business in Africa. Moving forward, it is imperative that the Angolan government continues to make concerted efforts to improve the business environment and implement policies aimed at restoring macro-economic stability and improving the weak regulatory environment.  REFERENCES C-BRTA. 2021. Angola Country Profile report. African Development Bank. April 2017. Angola Country Strategy Paper 2017 – 2021. Bednarski, C.M. 2015. Urbanisation in Africa. Taking Angola as an example. Paper delivered at the IABSE Conference – Structural Engineering: Providing Solutions to Global Challenges. September 23-25, 2015. Geneva, Switzerland. Benmaamar, M; Arroyo, F & Eduardo, N.T. June 2020. Angola Road Sector Public Expenditure Review. Empresa Portuária de Luanda. December 2019. Investment Memorandum. Multipurpose Terminal of the Port of Luanda Concessioning of Seaport Infrastructure. PwC. Future Prospects in Africa for the transportation and logistics industry. Africa Gearing Up. Ruhaak, A. Country Report Angola. Rabobank Nederland. Schwab, K. 2019. The Global Competitiveness Report 2019. World Economic Forum. Styles, L. 2019. Logistics Capacity Assessment Angola. 24 April 2019. Tralac. 2019. Angola: Intra-Africa trade and tariff profile – 2018. No. 18, 2019. Trade data update. United Nations. 2017. Country Profile 2016 Angola. Economic Commission for Africa. World Bank Group. Doing Business 2020. Economic Profile Angola. It is imperative that the Angolan government continues to make concerted efforts to improve the business environment BRAVE/6737/MOM/E Think of it as life cover for your income. Income protection covers a key element of your success – earning power. Momentum’s innovative income protection covers it better than any other – by being flexible enough to meet your unique, changing needs. Terms and conditions apply. Momentum is part of Momentum Metropolitan Life Limited, an authorised financial services and registered credit provider. Reg. No. 1904/002186/06. By adding our Permanent Disability Enhancer, you can choose between a monthly income, lump-sum payout or a combination of both when you have a qualifying claim. If you choose a monthly payout, but pass away before the end of the benefit term, the remaining payouts will be paid to your beneficiaries. Get the most comprehensive, flexible income cover available. Contact your Financial Adviser and move to momentum.co.za Here for your journey to success