Economy of Angola the skills and knowledge needed to run the country and maintain its well-developed infrastructure. The Angolan government created Sonangol, a state-run oil company, in 1976. Two years later Sonangol received the rights to oil exploration and production in all of Angola. After independence from Portugal in 1975, Angola was ravaged by a horrific civil war between 1975 and 2002. United Nations Angola Verification Mission III and MONUA spent USD1.5 billion overseeing implementation of the Lusaka Protocol, a 1994 peace accord that ultimately failed to end the civil war. The protocol prohibited UNITA from buying foreign arms, a provision the United
Colonial history of Angola Colonial history of Angola The colonial history of Angola is usually considered to run from the appearance of the Portuguese under Diogo Cão in 1482 (Congo) or 1484 (Angolan coast) until the independence of Angola in November 1975. Settlement did not begin until Novais's establishment of São Paulo de Loanda (Luanda) in 1575, however, and the Portuguese government only formally incorporated Angola as a colony in 1655 or on May 12, 1886. Luanda was founded in 1576 with a hundred families of settlers and 400 soldiers. Benguela was founded as a fort in 1587. Luanda was granted the status of