Infrastructure Investment Opportunities in Angola American Council of

Infrastructure Investment Opportunities in Angola American Council of Engineering Companies Annual Conference By: Hamilton Costa ANIP USA Resident Representative Washington DC - USA April 30 th 2014

2 ANIP - Angolan National Private Investment Agency • ANIP is the only government entity responsible for the execution of the national policy on private investment, its promotion, coordination, evaluation, approval and supervision. • Founded in 2003 by Decree No. 44/03 of 4 July 2003.

3 Angola Geographical location data : West Coast of Southern Africa Area: 1, 246, 700 km² Maritime Frontier: 1, 650 km (Atlantic Ocean) Land Frontier: 4, 837 km (Democratic Republic of Congo, Zambia and Namibia) Climate: Tropical Average Temperature : 30ºC (max) 17ºC (min) Inhabitants: 20, 900, 000 (projection) Capital: Luanda (more than 5, 000 inhabitants) Administrative Division: 18 Provinces Main Ports: Lobito, Luanda and Namibe

4 Angolan Economy: GDP Growth Rates • Between 2000 -2010 GDP grew at an average of 11. 25%. • Since 1994, per capita GDP has risen by 7 x from US$ 591 to US$ 4, 422 in 2010.

5 Macroeconomic Indicators 2010 2011 2012 2013 Premises of the Economic Policy: ° Annual oil production (million/bbl. ) 696 605. 9 657. 3 673. 5 ° Oil Price (USD/bbl. ) 77. 9 110. 1 103. 8 96 Goals of the Situation: ° General rate of growth of GDP % 3. 4 3. 9 8. 1 5. 6 ° Non- Petroleum GVA growth rate % 7. 8 9. 7 9. 1 6. 6 ° Petroleum GVA growth rate % -3 5. 6 4. 3 7. 3% ° Annual inflation rate % 15. 3 11. 4 9. 02 9% Fiscal (Percentage of GDP): ° Revenue ° Expenditure 43. 7 42. 2 43. 3 38. 2 36. 5 2. 90 33. 4 1. 4 35. 6 9. 4 41. 6 3. 4 ° Public deficit Rating: BB- (Standard & Poor) External Debt: 5% of GDP Source: http: //www. minfin. gv. ao/docs/dsp. Orca. Corren. htm

Angolan Infrastructure: Development Priorities

7 Angolan Infrastructure: Development Priorities Angolan policymakers are keen to use oil revenues to invest in the rehabilitation and expansion of the country’s infrastructure • Government plans include: ▫ Construction of new motorways, tertiary roads and bridges ▫ Rehabilitate the road network ▫ Invest in residential and commercial property ▫ Expand port capacity ▫ Upgrade three major railway lines ▫ Invest in a new rail line connecting Namibe to the Cabinda Enclave

8 Angolan Infrastructure: Development Priorities cont. Angolan policymakers are keen to use oil revenues to invest in the rehabilitation and expansion of the country’s infrastructure • Government plans include: ▫ Invest approximately USD 18 billion between 2009 -2016 to expand hydroelectric generating capacity to 7000 megawatts by 2016 ▫ Extend the transmission network across the country �build 10 new thermal electricity plants �link the grid to Southern African Power Pool (SAPP) and to Western Power Corridor (WESTCOR)

9 Angolan Infrastructure: Development Policy Objectives cont. Angolan policymakers are keen to use oil revenues to invest in the rehabilitation and expansion of the country’s infrastructure • Government plans include: ▫ Construction of a new airport in Bom Jesus (located 40 km southeast of Luanda) ▫ Rehabilitate the Cabinda airport

Angolan Infrastructure: Key Upcoming Events

11 Trade Mission to Angola: May 29 th – June 5 th DIVERSIFYING INVESTMENT IN ANGOLA • A joint initiative between the U. S. -Angola Chamber of Commerce (USACC) and the Angola National Agency for Private Investment (ANIP) • Program includes the: • Angola-US Business Summit & Roundtable; • Briefings; • Matchmaking Sessions; • Meetings with Angolan government and industry officials For more information and the complete mission agenda: trademission@us-angola. org

12 Angola Infrastructure Conference: Luanda May 26 th PROMOTING INFRASTRUCTURE INVESTMENT IN ANGOLA • A joint initiative between the Angola National Agency for Private Investment (ANIP), World Bank(WB), International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). For more information please contact: hcosta@anip-us. org 1420 K Street, NW, Suite 600 Washington, DC 20005

13 Thank you! Invest in the future, Invest in Angola! Contact Information Hamilton Costa: hcosta@anip-us. org Website: www. anip. co. ao ; www. anip-angola-us. com Power. Point by: Maria Luísa Abrantes Translation by: Lynn de Albuquerque