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Angola's Small Businesses Drive Economic Growth

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[Africa Renewal] Micro, small, and medium enterprises (MSMEs) are the backbone of any economy. In Angola, people are determined to shift away from oil dependency, which currently constitutes nearly 94 per cent of foreign earnings.Although the Angolan economy grew an impressive 3.1 per cent in 2022, the World Bank attributed this growth primarily to improved oil revenues and enhanced economic management.

Source: allAfrica.com

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