With a climate of political and social stability, and by dxu18403

VIEWS: 95 PAGES: 11

									                      SPECIAL ADVERTISING SECTION




                                                                                        ANGOLA
With a climate of political and social stability, and the
continent’s highest economic growth, Angola looks to
2010 as the perfect opportunity to show the world its
achievements.




                                                                                        www.fortune.com/adsections




                                                            www.globalbusiness.uk.com

                                                                                            S
                                                                                 SPECIAL ADVERTISING SECTION




                             A Serious Business Prospect
ANGOLA




                             As Angola prepares to host soccer’s
                             2010 Cup of African Nations, it is
                             rebuilding its infrastructure and
                             reviving its reputation as a land of
                             investment opportunities.


                             R
                                        ich in oil, diamonds, and many other natural
                                        resources, Angola’s increasing appeal among global
                                        investors is due to political and economic stability
                             following a long civil war that ended in 2002. The country now
                             boasts the continent’s fastest growing economy on the back of
                             export-led double-digit growth, and is one of the world’s largest
                             suppliers of oil to China. Other key industries are minerals,
                                                                                                    Angobetumes’ new terminal, Lobito, Angola.
                             coffee, fish, and timber.
                                Economic growth is expected to surge 28% in 2008. It                economy. Roads, schools, hospitals, bridges, hotels, office
                             jumped 19% in 2007; 26% in 2006; and 18% in 2005. Such                 blocks, industrial parks, and other new buildings are being
                             impressive figures are driven by rising oil production of around       built at record rates, not just in the capital, Luanda, but also
                             two million barrels a day. Angola became a member of OPEC              in rural areas. They include the Luanda Sul residential and
                                                       in late 2006. The country’s high inflation   commercial development on the outskirts of the capital—a self-
                                                       rate has been slashed from more than         sustaining urban development project comprising thousands
                                                       200% during the conflict to just 12% in      of apartments and houses, as well as hundreds of shops,
                                                       recent years. Growth in the construction     restaurants, and leisure facilities.
                                                       industry soared 30% year-over-year in           Other major construction projects include four new purpose-
                                                       2006, and by 38% year-over-year in the       built soccer stadiums that will be used for dozens of CAN
                                                       telecommunications sector.                   matches in early 2010; the event will be broadcast to a global
                              Afonso Cardoso              Angola is led by President José           audience of more than one billion people. Angola’s legal
                              Brazilian Ambassador Eduardo dos Santos, whose Popular                system has undergone a major overhaul during the past few
                                                       Movement for the Liberation of Angola        years and is now regarded as one of the best in sub-Saharan
                             (MPLA) party overwhelmingly won parliamentary elections held           Africa. Major changes to investment regulations mean assets of
                             in September 2008. Bordered by Namibia, Zambia, and the                private investors can no longer be nationalized.
                             Democratic Republic of Congo, the country has a population                But after nearly three decades of troubles, the country is,
                             of 17 million people. The exclave of Cabinda lies to the north         understandably, not without its problems. A lack of a well-
                             and has a population of 300,000. Angola has 18 provinces               educated and highly-skilled workforce is one such example,
                             (including Cabinda), its main language is Portuguese, and              as is a high rate of poverty. Senior government officials and
                             in 2007, according to the World Bank, it recorded a Gross              business executives are, however, predicting a bright future,
                             National Income per capita of U.S.$2,560.                              with major international companies, such as soft-drink maker
                                With a motto of “Virtus Unita Fortior”—Latin for “virtue is         Coca-Cola, investing heavily in several plants.
                             stronger when united”—the country is welcoming investors                  Angola is the world’s fifth largest producer of diamonds;
www.fortune.com/adsections




                             with open arms as it rebuilds its shattered infrastructure and         it mined 10 million carats valued at U.S.$1.2 billion in 2007,


                                A scientifically proven sound investment
                                Having placed science, technology and innovation at the heart of its development
                                goals, the Angolan government is seeking investments in the following priority
                                sectors… ICT, nuclear power, mining, petroleum, fishing, agriculture and health.

                                Ministry of Science and Technology
                                Av Lenine 106/108, Ingombota, Luanda, Angola • Tel: +244 22 233 1082 • Fax: +244 22 233 1082


    S
                                                   SPECIAL ADVERTISING SECTION




                                                                      effort to send a message to the world that the rule of law is in
                                                                      place and investments are secure. Investors should look at us
                                                                      with an open mind, not just read statistics or reports, but come




                                                                                                                                              ANGOLA
                                                                      visit and look at the business opportunities.”
                                                                         With interests in many different industries, leading holdings
                                                                      company Grupo António Mosquito (GAM) is well known
                                                                      in Angola. The group owns Falcon Oil, which has rights to
Mankenda Ambroise      Horacio Mosquito       Ernesto Baiardi         four blocks in Angola. Taking its name from its 62-year-old
Minister of Geology    CEO, Grupo António     President               founder, GAM is now run by his son, Horacio Mosquito, from
& Mining               Mosquito               Odebrecht Angola
                                                                      its headquarters in Luanda. He intends to diversify into sectors
and is one of the key partners in the “Kimberley Process”—an          such as transport, construction, real estate, oil and gas,
industry agreement preventing the sale of illegal “blood              technology, and banking.
diamonds.” In November 2009, Luanda will host the                        Some of those projects will be joint ventures, including a
prestigious World Diamond Summit, an event focusing on                development of luxury condominiums being built in conjunction
standards, technical conditions, and human resources, for the         with leading construction company Odebrecht. GAM CEO,
prospecting, processing, trading, and polishing of diamonds           Horacio Mosquito, provides details: “We are doing everything
worldwide.                                                            we can towards helping Angola’s reconstruction, not only
  Mankenda Ambroise, Angola’s Minister of Geology and                 the infrastructure, but also the spirit of society through our
Mining, says great efforts are being made to stop the illegal         corporate social responsibility programs. In real estate, we
mining of diamonds, and a national geology plan is being              will partner with other companies, but in ways different to
designed to locate, identify, and quantify natural mineral            the current one. In the future, we will supply the land, the
resources. “We want to diversify mineral production so we             companies will build the structures, and the administration
are not only promoting diamonds, but all mineral resources,”          of the building will be a joint operation—a joint venture
he explains. “We recommend that anyone willing to invest in           with shared profits. Our business strategy is focused on
Angola should think of minerals other than diamonds. There are        strengthening the mode of management. With our new formula,
many opportunities in sectors such as iron ore, manganese,
copper, gold, quartz, and phosphate.”

Investment Laws Reformed                                                 Bringing people closer
Angola’s updated private investment laws protect both
intellectual property rights and licenses, and guarantee non-
interference in the management of private companies. It is
a member of the World Intellectual Property Organization,
which aims to protect patents and trademarks. In recent
years, the country has strengthened its trade ties with foreign
governments by signing bilateral investment treaties with
countries including Portugal, South Africa, Germany, Italy, and
the U.K.
   Leading law firm AVM Advogados, with offices in Luanda
and Cabinda, has an impressive reputation among foreign
investors for its range of legal counseling, advice, and litigation
services. Founded by António Vicente Marques, the company
employs 15 lawyers, a number that is set to grow to 20 with the
opening of a new office in the southern city of Lubango. With            ANGOBETUMES has a strong involvement in the reconstruction
an emphasis on aiding businesses operating in the mining and             of Angolan roads. In a country like Angola, communication and
                                                                                                                                              www.fortune.com/adsections




financial sectors, AVM Advogados offers clients a complete               transport links are vital. Angobetumes’ asphalt will surely have a
                                                                         decisive impact in the country’s development over the next years.
range of litigation solutions.
   “Considering the country’s past, the legal and judicial system
here works far better than in many other African countries,”
says Marques, a well-known author and university professor,
who is also CEO of Financial Partners. “Once you make an
investment, you automatically obtain legal rights that means if          Rua Comandante N’zaji Nº 140, Luanda, Angola
something was to occur—as in the case of expropriation—you               Tel:+244 222 322 590 / 328 079 Fax:+244 222 326 218
would be paid a fair market price. Angola is making a huge

                                                                                                                                                  S
                                                                                SPECIAL ADVERTISING SECTION




                             we will make partnerships for specific areas of business. We          23,000 people in Angola— 96% of them local. It entered Angola
                             will no longer get government contracts and give them to              in 1984 after winning the tender for the Capanda hydro-electric
                             somebody else to do, but our own companies will do the work.”         plant on the Kwanza River. Its success with that project has
ANGOLA




                                                                                                   resulted in several other major government contracts, including
                             Brazilian Connections                                                 a three-year urban development project of the nation’s capital
                             Brazil shares more than just a common language with Angola,           involving the building of new main roads, utility networks, and
                             as it exports U.S.$12 billion worth of goods to its African trading   communication systems.
                             partner each year, while importing a substantial amount of               Odebrecht is a partner in two huge mining projects in Angola
                             Angolan oil.                                                          and plans to diversify into the ethanol production in a move that
                                The Association of Brazilian Entrepreneurs in Angola               will create at least 2,000 jobs in the province of Malange, where
                             (AEBRAN) represents the existing and future interests of              its hydro-electric plant is based. “We have always believed in
                             Brazilian businesses in the 481,000 square mile country. It           this country,” says Ernesto Baiardi, president of Odebrecht
                             is putting pressure on the government to allow a Brazilian            Angola. “Our challenges here are continuous, especially in
                             bank into Angola to cater to all the Brazilian citizens living        the implementation of social infrastructure. We are working
                             and working there, exploring further investment opportunities,        on some great projects here in Angola, such as Luanda Sul.
                             and building closer cultural, business, and education links.          Planning major new urban areas is a great challenge, but such
                             AEBRAN president, Alberto Esper, comments: “Housing, roads,           award-winning projects will transform the city.
                             hospitals, schools, and water and utility networks are being             “Our biofuel enterprise will be good for both Brazil and
                             built by Brazilian construction companies. We are also involved       Angola, as it will reinforce the geo-political position of Africa,
                             in the food, health, and bio-fuel sectors.                            disseminate ethanol worldwide as a biofuel, and open a market
                                “In addition, we have interests in the agricultural and            for services and technology for the Brazilian agro-business.”
                             livestock industries, and there are Brazilian companies that             Such a policy fits in well with the government’s plans for
                             support the development of the country’s education system             public and private spending in science and technology
                             through a partnership with the Angolan Ministry of Education.”        innovations, particularly in the sectors of ICT, nuclear power,
                                Brazilian construction giant Odebrecht employs more than           mining, and gas.
www.fortune.com/adsections




    S
                                                 SPECIAL ADVERTISING SECTION




   Former Science and Technology Minister, João Baptista            as new driving licenses and identity cards.
Ngandajina, admits such investment is badly needed, but that           Planning director, José Abelardo Freitas, believes Angola will
the government lacks the funds to invest in the industry. “We       become a “leader” for this part of Africa having woken from a




                                                                                                                                         ANGOLA
have a program to introduce the Internet in schools and have        “coma” following the end of the 27-year conflict.
signed an ageement with Microsoft and received equipment               Brazil’s ambassador to Angola, Afonso Cardoso, says he
and support from them. In order to have scientific development,     is “thrilled” his country is playing such an important role in the
we need agreements with foreign institutions to bring new           reconstruction of Angola’s infrastructure and economy. Bilateral
technology here to help us recover socially and economically.”      trade between the countries jumped by U.S.$1 billion last
   Construction company Queiroz Galvão has been in Angola           year—a figure he expects to rise sharply again this year as the
since 2005 working on infrastructure projects such as hospitals.    relationship continues to advance.
It now plans to prospect for oil, develop social projects, and
promote educational initiatives in Brazil for Angolan students.
   Country director, José Diniz da Silva Filho, says: “Logistics       “Our biofuel enterprise will be
is still the greatest challenge to our operations as there isn’t         good for Brazil and Angola.”
an industrial park here yet. We have to search for alternative                                  Ernesto Baiardi, Odebrecht Angola
sources of materials ourselves. We can’t rebuild the country in
a minute, but by reconstructing the entire infrastructure, we are
providing conditions for other economic activities.”                   Meanwhile, Spanish construction group Somague has
   Another Brazilian company with large operations in               invested up to U.S.$150 million in Angola since its arrival in
Angola is Prado Valladares. The company is involved in              2004. It is building schools, hospitals, clinics, and university
three areas: consultancy and planning, urban planning, and          campuses. “This country is full of opportunities,” says general
cooperation projects—the latter being mainly funded by foreign      director, Luis Gonçalves. “We are trying to guarantee minimum
governments. Current developments include a new passenger           conditions to enable it to grow. Angola will need companies to
terminal at Luanda’s international airport and a hi-tech, one-      work in sectors such as the environment and transport, which
stop shop for citizens to be issued with vital documents such       are areas we already have experience in.”




                                                                                                                                         www.fortune.com/adsections




                                                                                                                                             S
S
     www.fortune.com/adsections   ANGOLA   SPECIAL ADVERTISING SECTION
                                           SPECIAL ADVERTISING SECTION




     www.fortune.com/adsections




S
                                  ANGOLA
                                                                                          SPECIAL ADVERTISING SECTION




                             A Country Transforms
ANGOLA




                             Stadiums, hotels, industrial parks, and malls being built at unprecedented
                             rates, while transport projects also take off.


                             F
                                      ast-growing Ridge Solutions is one of Angola’s largest
                                      real estate companies with operations in several core
                                      sectors. Initially focused on residential projects, it is
                             now involved in other construction sectors, among them hotels
                             and shopping centers.
                                Based in Luanda, the group is also involved in real estate-
                             related investment funds and natural resources. It has
                             ambitious plans to become a major investment bank, offering                   Osvaldo Lobo          José Ramos            Gentil Viana
                             clients a range of investment solutions.                                      do Nascimento         Executive President   CEO
                                                                                                           GD, Port of Cabinda   Ridge Solutions       DRAGO Group
                                Executive president, José Ramos, who owns 89% of the
                             company, recently oversaw the purchase of more than two                       high-return portfolios. We started concentrating our investments
                             million square meters of land that is now earmarked for a                     on real estate, mainly residential developments, but have
                             series of industrial parks. “Ridge Solutions was created in 2004              diversified and now have five hotels and several other projects
                             and is 100% Angolan incorporated,” he says. “At that time we                  under development, like shopping centers.”
                             understood that the sub-Saharan market needed companies                          Such residential developments include eye-catching new
                             able to channel investments, and to offer complete investment                 luxury housing projects like Jardins do Eden (Gardens of Eden)
                             solutions—abiding by international best practices—for local                   and Torres Diamante Azul (Blue Diamond Towers), while its
                             and foreign investors. Since then, we have tried to keep our                  commercial developments range from malls to industrial parks.
                             DNA intact while continuing on the road.”                                        Ramos adds: “We are aware of the high demand for
                                                                                                           investment in emerging markets. This is why we are
                                                                                                           fully prepared to offer both local and foreign investors a
                              “We have sought to develop a                                                 considerable return on their investments. We are seeking
                              strong investment portfolio.”                                                to become a market maker, not only within Angola, but also
                                                                      José Ramos, Ridge Solutions          the region. We can offer a full platform for investments and a
                                                                                                           comprehensive portfolio of investment funds.
                                                                                                              “Within the next two years, Ridge Solutions will not only
                                Ridge Solutions owns 1,000 hectares of farmland and related                become an investment bank, but also one of the strongest and
                             investment. Extensive feasibility studies into opportunities in the           most innovative institutions in all of sub-Sahara Africa.”
                             prawn farming industry have been carried out, and commercial                     Port of Cabinda, Angola’s third largest port, is rapidly
                             deals have been signed with companies from the U.S., Europe,                  expanding both its size and presence as it looks to take
                             and Japan. “Becoming investment bankers is part of a logical                  advantage of new transport infrastructure and its advantageous
                             sequence, one on which Ridge Solutions embarked a long                        geographical position.
                             time ago,” continues Ramos. “Since our incorporation, we                         This vitally important trade hub expects to handle more
                             have sought to develop a strong investment portfolio with two                 than one million tons of cargo by 2010. In five years, it has
                             main characteristics: a strong capitalization and a high level of             increased its footprint from 9,000 square meters, to 52,000
                             liquidity, both short and medium term.                                        square meters. That figure will jump in 2012 with the expected
www.fortune.com/adsections




                                “This way of selecting our assets allowed us to generate                   completion of a new U.S.$2.6 billion bridge between the port


                                      Committed to Development


                                                     Construtora Queiroz Galvão S.A.
                                  Sucursal Angola, Rua Comandante Gika, 261 D-B Alvalade, Luanda, Angola
                                     Tel: +244 226 49 90 31/ 32/ 33/ 34/ 35 Fax: +244 226 49 90 36
                                                     www.queirozgalvao.com

    S
                                                    SPECIAL ADVERTISING SECTION




and the northern Angolan town of Soyo. The 20-kilometer                roads by 2010, but new developments,
bridge will stretch over the River Congo and parts of the              both commercial and residential, mean
Democratic Republic of Congo. Officials say the bridge will            more asphalt will be needed after that.




                                                                                                                                                ANGOLA
help open up mineral-rich northern Angola to new investors as             “We are building new facilities in
access is improved and delivery times reduced.                         the port city of Lobito to help meet the
    “We are the gateway to Africa’s largest hinterland and             demand of our clients. We have also
have a privileged geographical location that is better than            invested heavily in cranes, trucks, and
Pointe Noire in Congo,” says Port of Cabinda general director,         containers. We originally employed three         Augusto
                                                                                                                        da Silva Tomás
Osvaldo Lobo do Nascimento. “We still have plenty of room              people in Angola but now have 60.”               Minister of Transport
for development when compared to other regional ports that                He sees the agricultural industry as one
are clearly saturated. With 12 million people living within a 400      of the nation’s most successful sectors. “In three to five years,
                                                                       Angola will be self-sufficient and will certainly have a large
                                                                       market in terms of agro-industrial equipment.”
 “We will become a key player                                             Angobetumes board member, Denis Constanty, believes
 in the transport of oil from the                                      Angola’s two main ports could become major refuelling points
 Gulf of Guinea.”                                                      for the large cargo ships that journey up and down the west
                 Osvaldo Lobo do Nascimento, Port of Cabinda           coast of Africa.
                                                                          “As far as heavy fuel is concerned, there is no refuelling
                                                                       possible between Cameroon and South Africa, so Angola could
square kilometer radius of us, there are plenty of opportunities       become a very interesting zone for those boats,” he explains.
to serve them. If the average consumption of cargo per person             When soccer’s CAN kicks off in early 2010, it will mark the
is one ton a year, then that is around 12 million tons per year        culmination of a major construction program that includes the
of potential consumption. That is almost a dozen times the             building of four new stadiums and up to a dozen new hotels.
estimated volume for 2010, so there is plenty of room for              Angola’s Football Federation’s president, Justino Fernandes,
expansion in our capacity.                                             looks at what’s ahead: “Our main challenge is the construction
   “We will also become a key player in the transport of oil
from the Gulf of Guinea,” he adds. “These important points
will enhance the appeal of the Port of Cabinda in the eyes of
foreign investors, while the country’s strategic development
plan will increase Angola’s importance as a main player in
Africa.”
   Transport Minister Augusto da Silva Tomás is the man
charged with overseeing the multi-billion-dollar rebuilding
program of Angola’s roads, ports, railways, and airports.
State-owned flag carrier TAAG is a major beneficiary of such
substantial investment as it receives a complete overhaul of its
fleet, management structure, and operational activities.
   “Our national transport plan will result in a far stronger air,
rail, maritime, and road transport system, open to foreign
investment, and will be used as an example of how to do
things,” says Tomás.
   Formed by Sonangol and Trafigura, bitumen producer
Angobetumes is a key figure behind such road rebuilding, with
operations in asphalt, petroleum terminals, and distribution.
   It has invested U.S.$70 million in Angola; its facilities include
                                                                                                                                                www.fortune.com/adsections




five large terminals and 370 heating containers, plus a fleet of
60 trucks provided through a local partnership.
   As the company is struggling to meet the soaring demand
for bitumen, it plans to build new production plants and storage
tank facililties across the country, including sites in Luanda,
Malange, Huambo and Namibe.
   Director general, Fernando Martins explains: “Angobetumes
was born out of the necessity to supply asphalt on a national
scale. The original plan was to revamp 7,500 kilometers of

                                                                                                                                                    S
                                                                              SPECIAL ADVERTISING SECTION




                                                                                                                       administrator, Ari Carvalho, “ but it
                                WWW.INVESTINANGOLA.COM                                                                 certainly enjoys one of the best returns
                                                                                                                       on investment. We want investors that
ANGOLA




                                                                                                                       create jobs across the country. Our
                                                                                                                       ideal investor is someone who brings in
                                                                                                                       new technology, creates employment,
                                                                                                                       benefits the surrounding communities,
                                                                                                                       and expands their operations to other
                                                                                                                       provinces.”
                                                                                                                          Taking its name from an affluent
                                                                                                                       of the country’s largest river, Banco
                                                                                                                       Keve is making the most of the recent
                                                                                                                       flood of foreign investment flowing into
                                                                                                                       Angola and trickling down the economy.
                                                                                                                       Founded in 2003 with paid-up capital
                                                                                                                       equivalent to U.S.$50 million, it manages
                                                                                                                       assets and deposits valued at U.S.$148
                                                                                                                       million. It has 21 branches and nearly
                                                                                                                       200 employees. Executive director, João
                                                                                                                       Fonseca, says that with the government
                             See what sets us apart.
                                                                                                                       set to open a stock market in the
                             of the new stadiums. We are building             Sports Minister, Marcos Barrica,         foreseeable future, he expects Banco
                             one in Luanda with a capacity of 50,000       says his government is delighted to         Keve to move into investment banking in
                             people; one in Bengela for 35,000; one        be investing in the continent’s soccer      the next few years.
                             in Cabinda for 25,000; and one in Huila       showcase, an event he believes will help       Based in Luanda, DRAGO Group is
                             for 25,000. Stadiums are considered           rebuild its national identity, unity, and   a leading player in the construction of
                             as development poles that will certainly      self-esteem.                                metal factories and warehouses. “Our
                             change the cities in which they are built        ANIP was created in 2003 to attract      new Angolan factory at Cacuaco has
                             for the better, and so have a positive        and sustain private investors for           improved our supply chain,” says CEO
                             impact on the people who live there.          targeted sectors away from the oil and      Gentil Viana. “Our main project now,
                                “The 2010 CAN will have a huge             diamond industries. The one-stop            ‘Angola Business Park’, is to establish
                             impact by portraying Angola as a great        shop has worked with up to 70% of           in each of the 18 Angolan Provinces a
                             destination for foreign investment, and       foreign investors. Clients include civil    network of logistic stations to cater for all
                             also will introduce its fabulous people       construction companies, agricultural        investors in a high-standard environment
                             to the rest of the world. The tournament      firms, and small manufacturers of various   with all services and facilities available.
                             will show just how much our country has       goods. It helps with legal procedures,      We will supply everything an investor
                             advanced. We need to organize a perfect       identifies local partners, and promotes     needs to do business in the provinces.
                             CAN. It will be a great opportunity for       investment through overseas trade           This will be complete in 2011. Angola
                             people to come and visit our nation and       missions. “Angola is not yet the easiest    Business Park will pride itself on
                             see all the opportunities it has to offer.”   place to do business,” says ANIP            providing international standards.” n
www.fortune.com/adsections




                                                                            www.angolabusinesspark.com

    S0

								
To top