Angola's Economy

Angola is projected to emerge from recession with real GDP growth of 1.2% in 2019 and 3.2% in 2020. The recovery will be driven mainly by the production and export of diamonds (growing by 8.2%), agriculture (5%), and construction (2.1%). Changing to a floating exchange regime in 2019 could eventually eliminate the gap between the official and parallel market exchange rates. A 14% value added tax to be introduced in July 2019 will also mobilise domestic resources.

Experience

• CDH assisted Sturrock Shipping (Pty) Ltd to establish a subsidiary for its shipping and ship's agency businesses in Sudan, Angola and Ghana.
• CDH acted for SAP regarding the application of several HR and employee policies in use in South Africa, Angola, Nigeria, Kenya, and Morocco.
• CDH advised Coca-Cola on 'localising' their HR policies and employment contracts in Zambia, Zimbabwe and Angola.