Angola

Political relations

Angola and France are engaged in ongoing political dialogue, particularly on regional security issues.

Economic relations

The bulk of trade between France and Angola is in the hydrocarbon sector. Our imports are exclusively made up of crude oil and half of our exports are equipment to be used in this sector. From 2016, bilateral trade contracted due to the drop in oil prices and the financial crisis. However, France remains an important partner for Angola. In 2018, it was the country’s ninth-largest supplier with a market share of 2.9%. French foreign direct investment stood at €5.1 billion in 2015 (thanks to Total’s presence, Angola is the second biggest beneficiary of French FDI in sub-Saharan Africa and the third in Africa behind Morocco and Nigeria). French companies have 50 to 70 subsidiaries, branches and offices there, accounting for 15,000 jobs. Another establishment agreement of the Agence Française de Développement (AFD) was signed in July 2017. The AFD is funding two projects in the country in partnership with the World Bank (drinking water and commercial agriculture). A cooperation agreement in the agriculture sector and a protocol on tourism were signed on 1 March 2018, and a defence cooperation agreement was also signed on 28 May that year. A France-Angola Entrepreneurs Club (CEFA) was created in 2018. MEDEF International sent a delegation to Luanda in February 2019.