Angola seen growing average 5 percent - Central Bank

Angola's Central Bank says it economy should grow at an annual average rate of 5 percent over the next four years, boosted by the increasing participation of the private sector.

The International Monetary Fund said this month that growth was likely to slow to 3.9 percent in 2014 from an estimated 6.8 percent last year, with strong agricultural production offsetting a drop in oil output.

It said that for that to happen, it was key that the financial sector becomes more competitive.

Angola's economy has grown sharply in recent years, boosted by growing oil production. Between 2010 and 2012 the oil sector represented about 45.2 percent of gross domestic product.