Debbie Dragon A formal business plan is an important document for any business. Entrepreneurs just starting out may find putting their thoughts, goals and in some cases dreams to paper an intimidating process. Nevertheless, it is vital to the success of your business. A business plan details every aspect of business operations.
It is a vast country endowed with a wealth of natural resources. It presents one of the greatest economic potentials in Africa despite the sharp fall in oil prices and net investment inflows that the country has witnessed lately. Nonetheless, the country faces tremendous governance challenges.
It is also a place where it is not easy to do business. The major industries in Angola are petroleum; diamonds, iron ore, phosphates, feldspar, bauxite, uranium and gold; cement; basic metal products; fish processing; food processing, brewing, tobacco products, sugar; textiles; and ship repair.
Angola also exports natural gas, diamonds, coffee, fish products, timber and cotton. Following the end of its year long civil war inAngola embarked on a nationwide reconstruction program that led to a construction boom, high growth rates in agriculture and the resettlement of Angolans displaced by the war.
The construction boom was fueled by billions of US dollars in credit lines granted by several creditors, especially by China. Thanks to high oil prices and the ensuing higher level of oil production, the Angolan economy hummed along at healthy double-digit growth rates between and As a result, poverty was reduced from 54 percent in to 43 percent in However, inequality increased  and social indicators have not improved substantially.
The drop-in oil prices is adversely impacting the economy, causing dramatic declines in fiscal revenue and exports. Main oil operators are now challenging the fiscal terms due to current market conditions. To improve the situation described the Midterm Plan for Policy Measures and Actions to Improve the Current Economic and Social Situation was approved for with the purpose of i achieving macroeconomic stability; ii revive economic growth; and iii to mitigate the most pressing social problems, and the Plan may be updated with other measures to ensure its efficiency and effectiveness.
One of the intents is to nnegotiate and adopt a normative profile of oil production, which ensures real rates of growth of the respective sectors, to create a climate conducive to economic growth and job creation.
Introduction to Angola's Legal System 3. Angola's Legal System and Research In colonial times, Portuguese law applied in Angola although the traditional customary law was in many cases tolerated or tacitly accepted.
After independence came, Angola rushed to repeal the old colonial laws. However, to prevent a legal void and disruptions, article 84 of the first constitutional law of Angola guaranteed that the Portuguese laws and regulations in force at the time would remain applicable until revoked or amended and insofar as they did not go against the new Angolan Constitution and the revolutionary process then under way.
What followed Angola's independence from Portugal were 26 years of war and more than 30 years of restless legislative activities in a constant attempt to extend state authority from Luanda to the entire country and its population.
The Angolan legislator has been taken the Portuguese legal system as a model when structuring its own. This was a natural option due to enduring colonial ties between the two countries and the sharing of a common language and legal education. However, even if the similarities are quite significant, today's Portuguese and Angolan legal systems are not exactly the same.
Despite the huge legislative production of the last 40 years the road built so far seems rather patchy and unfinished. Quite understandably so, if one considers Angola's history in detail. It used to be difficult to get hold of historical information and current Angolan legislation even in the original language and keep up with amendments and changes.
Fortunately, since, at least,a clear trend of new legislation being discussed and approved by the competent entities emerged in many areas, including the judicial system, civil laws, for instance, a new lease law dated The new legislation also featured commercial law, labor law, social security, tax law i.
Angola follows the civil-law tradition at least the formal legal system. Legislation is the primary source of law. Courts base their judgements on legislation, and there is no binding precedent as understood in common-law systems.
Therefore, not being able to easily find legislation may indeed be a researcher's most upsetting hurdle. As to secondary sources, law books on Angolan law are still in short supply both in English and Portuguese but more recently, an increase in legal publications is perceptible.Elements of a Business Plan There are seven major sections of a business plan, and each one is a complex document.
Read this selection from our business plan tutorial to fully understand these. View or download Standard Plans.
Plan Sheet Library. DISCLAIMER The Washington State Department of Transportation (WSDOT) makes these documents available on an "as is" basis. Core Contents of a Business Plan.
Business plans appear in many different formats, depending on its purpose and audience and also the complexity of the venture. Dunia P. Zongwe is an author, academic and a consultant.
He writes and specializes in the areas of international finance and human rights, focusing on Africa. Mr. Zongwe was educated at the University of Namibia, Université de Montréal and Cornell University, where he .
Jun 25, · 7 Elements of a Business Plan Your well-thought-out business plan lets others know you’re serious, and that you can handle all that running a business entails. It can also give you a solid roadmap to help you navigate the tricky waters.4/4(26). This article is part of both our Business Startup Guide and our Business Planning Guide —curated lists of our articles that will get you up and running in no time!.
If you’ve reviewed what a business plan is, and why you need one to start and grow your business, then it’s time to dig into the process of actually writing a business plan.. In this step-by-step guide, I’ll take you.