History of Angola in Angola. Attribution: History of Angola Angola is a country in southwestern Africa. The country's name derives from the Kimbundu word for king. It was first settled by San hunter-gatherer societies before the northern domains came under the rule of Bantu states such as Kongo and Ndongo. From the 15th century, Portuguese colonists began trading, and a settlement was established at Luanda during the 16th century. Portugal annexed territories in the region which were ruled as a colony from 1655, and Angola was incorporated as an overseas province of Portugal in 1951. After the Angolan War of Independence, which ended
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.