# Who Runs Angola's Economy, the Key Players in 2026

> Angola's economy in 2026 led by President Lourenço, central bank, and state firms like Sonangol and Endiama.
- Title: Who Runs Angola's Economy, the Key Players in 2026 | Shortify
- Summary: Angola's economy in 2026 led by President Lourenço, central bank, and state firms like Sonangol and Endiama. President João Lourenço's…
- Keywords: angola, economy, sonangol, endiama, central bank, oil, diamonds, angolan kwanza, gdp, public debt, non-oil sector, lobito corridor
- Source: The Rio Times — https://riotimesonline.com/angola-economy-key-players-2026
- Author: Amina Diarra
- Published: 2026-10-20T14:33:35+00:00
- Read time: 2 min
- Topics: angola, economy, sonangol, endiama, central bank, oil, diamonds, angolan kwanza, gdp, public debt, non-oil sector, lobito corridor
## Angola Economy Overview
Angola's economy grew 5.3% in Q1 2026 with inflation falling to 8.43% after central bank cut rates to 14.75% on 15 September.
## Key Economic Players
President João Lourenço, Finance Minister Vera Daves de Sousa, and central bank Governor Manuel Tiago Dias manage Angola's money.
## State Companies
Sonangol (oil), Endiama (diamonds), and ANPG (oil regulator) sit at the center of Angola's economic control.
## Non-Oil Growth
The President says the non-oil sector now drives growth with diamonds, a stock exchange, and the Lobito rail route expanding.
## Public Debt
Public debt fell from 115.9% of GDP in 2020 to 51.2% of GDP in 2026, though figures were not independently audited.
## Central Bank Actions
The central bank cut its policy rate to 14.75% on 15 September 2026, forecasting inflation at 8.6% for the end of 2026.
## Oil Production
Sonangol produces 217,000 barrels of oil equivalent a day with Azule Energy producing over 220,000 barrels a day.
## Diamonds and Mining
Endiama controls 15.2 million carats of diamonds sold for US$1.79 billion in 2024 with Catoca extracting 75% of Angola's diamonds.
## Lobito Corridor
The Lobito rail corridor links Angola to Zambia and DR Congo with over US$750 million in investments.
## Banking and Stock Exchange
BODIVA, Angola's stock exchange, saw Standard Bank Angola become the seventh company listed on it in October 2026.
## Privatization
Sonangol's planned share sale of up to 30% will not happen within the 2026 privatisation programme ending in 2026.
## Oil Projects
The Greater PAJ oil project targets first oil in the first half of 2029 with a 95,000 barrel per day capacity.
## Currency and Inflation
The kwanza traded near Kz 939 per US$1 with inflation at 8.43% in September 2026.
## Economic Challenges
Only 919 of 1,234 registered petrol stations were operating in Angola as of 30 June 2026.
## What's Next
Angola's economy is expected to grow with non-oil sectors expanding and oil projects targeting production by 2029.
## Key takeaway

President João Lourenço's government, central bank, and state companies drive Angola's economy in 2026.