Cuban intervention in Angola The disunity of the three main movements postponed the handing over of power. The Alvor Agreement, which the three and Portugal signed on 15 January, proved to be no solid foundation for the procedure. The transitional government the agreement provided for was equally composed of the three big independence movements and Portugal. It was sworn in on 31 January 1975; independence day was set for 11 November 1975, the same day of the ceasefire. FLEC was not part of the deal because it fought for the independence of Cabinda, which the Portuguese had administratively joined as an exclave to Angola.
Economy of Angola Economy of Angola The Economy of Angola is one of the fastest-growing in the world, with reported annual average GDP growth of 11.1 percent from 2001 to 2010. It is still recovering from 27 years of the civil war that plagued the country from its independence in 1975 to 2002. Despite extensive oil and gas resources, diamonds, hydroelectric potential, and rich agricultural land, Angola remains poor, and a third of the population relies on subsistence agriculture. Since 2002, when the 27-year civil war ended, the nation has worked to repair and improve ravaged infrastructure and weakened political and social institutions.