Angola Banking & Financial Services Q4 2019
Angola's financial industries are largely undeveloped, especially outside the banking sector, meaning that there isconsiderable room for long-term growth in line with the country's economic development. However, a challenging short-termeconomic environment and a lack of scale remain key headwinds to growth. Efforts by authorities to diversify the economy, privatisea wide range of state-owned enterprises, and develop the capital market should provide impetus for expansion, though high levelsof exposure to the oil sector will remain a significant risk over the coming years.
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