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.
1960s in Angola exports doubled between 1965 and 1970 to 170 million pounds. In the district of Huambo, between 1968 and 1970 white-owned land more than doubled from 249,039 hectares to 526,270 hectares. Native-owned land decreased by 36.5%. The average African farm's gross income declined between 1964 and 1970 from $98.00 to $35.00 Portuguese petroleum-production began in Congo basin in the 1960s, and in the exclave of Cabinda in 1968. Now the petroleum industry is the engine of the Angolan economy. 1960s in Angola The 1960s in Angola were marked by the War of Independence (1961–1975). Portuguese police arrested Agostinho Neto of the