A vigorous Angola springs back to life

    Updated: 2014-04-29 15:52

    (chinadaily.com.cn)

    Comments Print Mail Large Medium Small

    A vigorous Angola springs back to life

    The Port of Luanda is Angola's largest and is now undergoing a massive facelift. Photo Provided to China Daily

    Ten years ago, Angola was in a desperate situation: Years of civil war and political instability had ravaged the country and depleted its resources, while the infrastructure was in tatters.

    Today, however, this Southwest African nation is poles apart from that world, with rebuilding, rehabilitation and foreign investment programs - most notably from China - helping its revitalization.

    Angola is in the middle of a transformation process and, as is the case with any country whose economy is based on the export of goods in global demand, it needs to invest in its transport network to expedite its international trade.

    The maritime infrastructure is the entry-exit point of nearly all of Angola's trade, so it is the key to the national development plan.

    Before slowing down in 2009, the South-West African nation achieved 11.1 percent average annual growth in GDP since 2001, an average that outpaced even China.

    The balance of trade was tipped heavily in Angola's favor. Exports, of which crude oil comprises the lion's share, grew strongly in 2010, while imports were only one third of the total exported.

    Volumes are now rising sharply in both directions. Exports expanded strongly last year, while imports, originating mostly from Africa's leading trade partner China, rose only at half the pace of exports.

    Export earnings are the fuel for the government budget for 2011, a third of which has been set aside for social projects, and they also help pay for imports, whose importance is vital if Angola is to achieve its ambitious goals for national reconstruction.

    Years of conflict decimated Angola's production and industrial capacity to the extent that the nation still relies heavily on construction materials, machinery, vehicles and even food from abroad.

    As a result the nation's ports are braced for a massive increase in traffic - as much as five million tons in additional goods between 2011 and 2015 requiring reception, handling, logistics and storage, according to deputy minister of transport Jos Joo Kuvingua.

    The point of entry for more than 80 percent of all imports to Angola, the Port of Luanda will be handling much of the increase.

    "If you take into account the cost of maritime transportation and the investment in ports required to purchase equipment and merchandise, you can appreciate the economic and financial importance of the port company in Luanda," said Francisco Venncio, the port company's chairman.

    "I believe we will continue to be the port of reference for investment over the next few years."

    Previous Page 1 2 Next Page

    ...
    日本在线中文字幕第一视频| 亚洲国产综合无码一区| 91嫩草国产在线无码观看| 日韩欧精品无码视频无删节| 无码乱人伦一区二区亚洲一| 国内精品久久久人妻中文字幕| 日韩精品一区二区三区中文| av无码久久久久久不卡网站| 亚洲熟妇无码另类久久久| 亚洲AV无码欧洲AV无码网站| 最近高清中文字幕无吗免费看| 色婷婷综合久久久久中文| 亚洲AV无码久久精品成人| 高清无码v视频日本www| 色爱无码AV综合区| 欧美日韩毛片熟妇有码无码| 国产AV无码专区亚洲AV毛网站 | 开心久久婷婷综合中文字幕| 亚洲精品无码久久久久AV麻豆| 日本中文字幕在线2020| 亚洲精品无码久久久影院相关影片| 中文字幕日本高清| 精品国产v无码大片在线观看| 午夜福利无码不卡在线观看| 久久人妻无码中文字幕| 人妻少妇看A偷人无码电影| 国产一区三区二区中文在线| 亚洲 欧美 国产 日韩 中文字幕| 亚洲?V无码乱码国产精品| 国产亚洲大尺度无码无码专线| 日本中文字幕免费看| 最近2022中文字幕免费视频| 国产精品亚洲w码日韩中文| 亚洲精品97久久中文字幕无码| 国产高清中文欧美| 亚洲中文字幕视频国产| 中文字幕丰满乱子无码视频| 亚洲综合最新无码专区| a中文字幕1区| 曰韩中文字幕在线中文字幕三级有码 | 色婷婷综合久久久中文字幕 |