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Angola News

Angola is a potentially wealthy country. Despite enormous resource of oil, diamonds, gas as well considerable hydroelectric potential, varied agricultural land, with adequate rainfall but decades of war have resulted in economic performance below its real potential in the world. The oil industry is the backbone of the economy Angola. Oil production and its supporting activities contribute about 85% of GDP. Angolas major industries include metals processing, meat and fish processing, brewing, and the manufacture of cement, tobacco products, and textiles. Angolas oil exports are vital to the countrys economy and provide almost half of its GDP.

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