Angola Chapter - Africa Housing Finance Yearbook 2017

Angola’s economy is highly concentrated around the oil industry, comprising about
45 percent of its GDP and around 95 percent of exports1. Oil production
continues to be the catalyst for growth in Angola. Oil revenues and oil-backed
loans have allowed for large-scale state investments in the construction and
rehabilitation of public infrastructures, as well as the implementation of an
ambitious housing programme to meet the country’s massive housing deficit in a
context of rapid urbanisation. Currently Angola is said to be one of the fastest
urbanising countries in Africa with about 62 percent of its population living in
cities2.