July, 2025 - Primoveo LLC

Africa, Angola

The Current Angolan Economic Picture

Jul 13, 2025 by source 0 Comments

Population (2025 est.): 39.0 million
GDP (Nominal 2024 est.): $113.3 billion ($2,884 per capita)
GDP (PPP 2023): $260.3 billion ($7,077 per capita)
Official Language: Portuguese
National Languages: Umbundu, Kimbundu, Kikongo, Chokwe, Oshiwambo, Luchazi
Area: 1.246 million km² (22nd largest in Africa)

The Porto de Luanda is Angola’s largest, serving a growing city of over five million.

Natural Resources:

Petroleum (Angola is the top crude‑oil producer in sub‑Saharan Africa, ~50% of GDP and 90% of exports)
Diamonds, iron ore, phosphates, copper, feldspar, bauxite, uranium

Main Industries:

Oil & gas (dominated by Sonangol, Chevron, ExxonMobil, TotalEnergies, Eni, BP)
Diamond mining
Iron ore and other mineral extraction
Basic manufacturing: cement, metal products, food & beverage processing, textiles, ship repair
Agriculture (cassava, bananas, maize, sweet potato, palm oil)
Fisheries (artisanal & commercial)

💡 Economic Opportunities for U.S. Companies & Investors

1. Energy & Oil‑Gas Services

Angola’s oil industry accounts for ~50% of GDP and ~90% of exports; U.S. majors (Chevron, ExxonMobil) already present .
The Lobito Corridor rail and related infrastructure (supported by DFC’s $553M loan) is opening access to oil, gas, and mineral-export pipelines

2. Infrastructure & Logistics

The Lobito Trans-Africa Corridor is a $10 billion-plus U.S.-backed railway project to connect the DRC/Zambia to Angola’s port for critical-mineral exports—prime for U.S. engineering, telecom, and construction firms

3. Agriculture & Food Security

Only ~3% of fertile land is cultivated, while food imports are high due to low self-sufficiency

4. Renewable Energy & Clean Tech

Angola aims to generate 73% of energy from clean sources by 2027
DFC funding in infrastructure can support U.S. firms in smart-grid, energy storage, and renewables.

5. Higher Education & Digital Infrastructure

A $150M World Bank + $50M Global Partnership for Education “TEST” project creates openings for U.S. tertiary education partnerships
U.S. support in digital infrastructure and telecom via State Dept supports investment in broadband, 5G rollout, and fintech .

6. Mining Diversification & Local Processing

With oil-dominated exports, diversifying into minerals (iron ore, copper) and encouraging local processing aligns with African value-chain trends
U.S. partners can develop secondary processing facilities and technical training hubs.

Angola stands at a pivotal moment: an oil-rich economy seeking to diversify via minerals, agriculture, clean energy, infrastructure, and digital sectors. U.S. investments backed by strategic engagement (like DFC funding and PGI support), combined with strong partnerships from Luanda’s government and reformist trajectory, position American companies well—but careful navigation of regulatory, governance, and market-concentration risks remains essential.

Uncategorized

The Current DRC Economic Picture

Jul 13, 2025 by source 0 Comments

Population (2025 est.): 112.8 million
GDP (Nominal 2024): $73.8 billion ($714 per capita)
GDP (PPP 2024): $160.2 billion (~$1,552 per capita)
Official Language: French
National Languages: Lingala, Swahili, Kikongo, Tshiluba
Area: 2.35 million km² (2nd largest in Africa, right behind Algeria)

Natural Resources:

Cobalt (world’s leading producer, ~70% of global output)
Copper
Coltan (tantalum)
Diamonds
Gold
Tin
Lithium
Uranium
Timber
Hydropower potential (Congo River)

Main Industries:

Mining and mineral processing (cobalt, copper, diamonds, gold, coltan)
Agriculture (coffee, palm oil, rubber, cassava, maize)
Forestry
Cement and basic construction materials
Consumer goods and chemicals
Hydroelectric power

The DRC is rich in resources but historically underleveraged due to infrastructure gaps and governance challenges. With rising U.S. engagement, especially around critical minerals and energy, American businesses have a unique window to build long-term, responsible, and profitable ventures—especially in mining, energy, agri-processing, and infrastructure.

Africa, Congo, DRC

Business Opportunities in the DRC

Jul 13, 2025 by source 0 Comments #Business, #trade

Economic Opportunities for U.S. Companies & Investors

1. Critical Minerals & Mining Investment

The DRC holds ~80% of global cobalt and has significant copper, lithium, coltan, tin, and gold reserves.
A minerals-for-security deal is progressing, backed by U.S. involvement via the DFC and private-sector partnerships (e.g., KoBold Metals, Orion, Rio Tinto).
Opportunity for American firms to lead in ethically sourced and value-added processing, especially amid local moves to retain processing domestically.

2. Energy & Infrastructure

Vast hydroelectric potential from the Congo River and low electrification rates in rural areas .
U.S.–Africa Energy Forum highlights push for rural electrification and regional export schemes—ripe for U.S. tech and utility investment Energy Capital & Power.

3. Agriculture & Food Processing

With fertile land and agricultural staples like cassava, palm oil, rubber, coffee, and cocoa, there are large-scale farming and value-chain investing opportunities .
American agritech and food-processing companies can support modernization in plantation farming, storage, and logistics.

4. Security & Governance Partnerships

The East Congo region faces rebel instability (M23), but a recent peace agreement between the DRC and Rwanda (June 2025) is a huge step forward toward peace and improving political and investment climates.
Holistic deals pairing security aid with private-sector projects may open doors for U.S. firms working in digital governance, risk management, and infrastructure security.

5. Sustainable Forestry & Ecotourism

The DRC’s Congo Basin rainforest is globally significant. Sustainable timber, carbon credits, and ecotourism are potential areas for U.S.-based ESG investors .

6. Value-Chain Development & Local Processing

Resource nationalism is growing: cobalt export bans in early 2025 and export-processing schemes encourage local refining .
U.S. companies can collaborate on creating processing hubs, industrial zones, and public-private partnerships. This provides value-addition, jobs, and tech transfer benefits.

Additionally, a new deepwater container port, The Port of Banana, is currently under construction and will soon dramatically streamline containerized shipments to and from the DRC.

Congo, DRC, Shipping

DRC getting new deep water container port

Jul 13, 2025 by source 0 Comments #Port, #Shipping, #trade

The Democratic Republic of Congo (DRC) will soon have its cargo capacity significantly upgraded, which will streamline all aspects of international containerized trade and cargo handling in the country.

DP World has announced the development of the Banana Port in the Democratic Republic of Congo (DRC), in partnership with Portuguese firm Mota-Engil. Located in Kongo Central province along the Atlantic coast, the port aims to strengthen the DRC’s trade infrastructure and become its primary maritime gateway for containerised cargo.

The project will be executed in phases:

Phase one includes a 600-meter quay, 450,000 TEU capacity, and a 30-hectare storage area, capable of handling the world’s largest ships.

Phase two will extend the quay by over two kilometers. The port will also centralise customs and administrative operations, improving trade efficiency and government oversight.

Currently, container trade in the DRC is managed by the inland ports of Matadi and Boma, which handle imports, bulk cargo, and agricultural exports like timber and bananas.

The vision is for Banana to become a gateway to international markets for DRC, promoting its logistical independence and sovereignty over foreign trade. The project is expected to transform the DRC’s trade landscape by providing state-of-the-art infrastructure, reducing business costs, and reinforcing the country’s position as a key trade hub in the region.

Multi-Lingual Services for a Global Mission

Jul 3, 2025 by source 0 Comments

Primoveo has native-level support in the following languages:

English
French
Swahili
Lingala

We know your mission doesn’t stop at the border. That’s why Primoveo gives you native-proficiency support in multiple languages. Reducing cost and complexity of having to arrange interpreter services, while providing rich interactions, we are your one-stop shop for taking care of your global mission’s needs.