[REVISION HISTORY]

Angolan economic growth and investment performance

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2026-09-10 20:50 UTC → 2026-09-11 10:58 UTC · added ~~removed~~

Angola has demonstrated significant economic expansion through both its sovereign wealth fund and national GDP. In 2025, the Fundo Soberano de Angola (FSDEA) reported a net profit of approximately $527 million, a nearly 200% increase from the previous year. By the second quarter of 2026, the national economy showed continued momentum with a real GDP increase of 8.74% compared to the same period in 2025, driven by a 9.24% expansion in the non-petroleum sector and a 5.64% recovery in the petroleum sector. Recent developments highlight continued growth in key sectors. In the petroleum industry, TotalEnergies announced a new discovery at Acacia-5 on Block 17, expected to increase production by roughly 6,000 barrels per day, alongside a planned $10 billion investment over five years. The company intends to fast-track development to achieve first oil within three months by utilizing the Pazflor FPSO and has signed agreements to acquire a 40% operated interest in exploration blocks 17/25 and 32/21. ExxonMobil also reported a new discovery at offshore Block ~~15, which marks~~ 15 via the Vicango Este-01 exploratory well, marking the 20th discovery at that block in 30 years. The National Oil, Gas and Biofuels Agency (ANPG) projects total sector investments exceeding $70 billion over the next five years. To support these efforts, Afreximbank is exploring financing to increase local ownership in the sector, having already invested nearly $2 billion in Angolan energy. To further diversify funding, the Ministry of Finance is working to open the domestic bond market to international ~~investors. However,~~ investors, while a $13 billion gas master plan focuses on industrial hubs. Despite these developments, domestic challenges persist; the Minister of Energy and Water reported that approximately half of the population still lacks access to ~~electricity, prompting public investment toward electrification and regional energy integration.~~ electricity. Inflationary trends have also ~~stabilized. In August 2026,~~ stabilized, with the annual ~~inflation~~ rate ~~fell to 8.78%, marking the second consecutive month the rate remained below 10%. According~~ falling to ~~the National Statistics Institute (INE), this was a deceleration of 0.55 percentage points from July.~~ 8.78% in August 2026.

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