The Savings and Credit Bank (BPC) has opened two new branches in Angola’s capital Luanda bringing its total to 444 branches spread across the country.
Angola is counting on the construction of 44 logistical platforms to boost agriculture and provide facilities to the manufacturing industries.
The government of Angola has entered into a mining agreement with South Sudan to deepen exploration and trade between the two countries in the areas of training, laboratory, negotiation of mining contracts and policy.
From AfricaCom 2016 in Cape Town, Angola Cables today announced its first direct Point of Presence (POP) in South Africa at Teraco (Johannesburg).
Angola Cables has announced that it is has selected Etix Everywhere as its partner to build its critical infrastructure globally as part of an ambitious project to offer a lower latency route between the USA and Africa.
[Angola] UniAngola unveils $3.7 million fishing boat as country trains its eyes on sector for growth
Fishing company UniAngola has invested $3.7 million in the purchase of a boat which is expected to increase stocks and jobs at a time when Angola is looking to diversify its economic activities to grow its revenue.
Angola national carrier Angolan Airlines (TAAG) has made its maiden flight to Maputo Mozambique in a diversification spree as it looks to grow revenue and customer base.
Angola has adopted the Foreign Account Tax Compliance Act, FATCA, a US model aimed at combating tax evasion by citizens who holds financial assets in the financial institutions based out of the country’s territory.
Angola’s agricultural and commercial projects have received a boost following World Bank’s commitment to release $230 million to help the country in its economic diversification pursuit.
A new fish processing plant launched unveiled by Solmar Company has been commended as key in boosting the industrial park of Angola’s fish industry while stemming loss of fish stock.
Estrela da Floresta, a company aimed at developing Angola's forest ecosystem, has announced commencement of its operations with the official opening of an office in Huambo and additional plans to open a second subsidiary office in Lobito
Over the next few days Angola will play host to a series of train-the-trainer (TTT) workshops during the official build-up to SAP Africa Code Week (ACW), taking place in Luanda from 4 to 5 October.
Privinvest, the Middle East based shipbuilding group, is pleased to announce the start of a major shipbuilding and maritime economy programme with the Republic of Angola.
YahClick, the broadband satellite solutions provider for home and business, announces its partnership with VT iDirect for the introduction of Virtual Network Operator (VNO) services across YahClick's existing footprint.
Hotel development in Africa jumps 30% to 64,000 rooms, Nigeria leading in numbers, followed by Angola
The number of planned hotel rooms in Africa has soared to 64,000 in 365 hotels, up almost 30% on the previous year, according to new figures from the annual W Hospitality Group Hotel Chain Development Pipeline Survey.
MasterCard and Banco Sol have partnered to introduce a dynamic suite of payment solutions to the citizens of Angola, which will help modernize and diversify one of Africa’s fastest growing economies.
The Government of Angola has committed to the economic diversification objectives of the National Development Plan 2013-17 and considers preserving macroeconomic stability and moving forward an ambitious structural reform agenda essential elements of the strategy to achieve these goals.
On Tuesday 23 February 2016, the British Embassy in Luanda signed a Chevening partnership with BP offering up to eight jointly funded scholarships for Angolan scholars to study Masters Degrees in the UK over the next two academic years.
Over 800 rural women selected in the provinces of Cabinda, Huambo, Cuanza Sul, Cuanza Norte, Huila, Namibe and Luanda, have been producing handmade soap with already used cooking oil.
At least 343 tons of mabuba coffee from last year's harvest are awaiting buyers in the municipality of Quiculungo, northern Cuanza Norte province.
Eni has started production from the Mpungi field in the West Hub Development Project, within Block 15/06 of the Angolan Deep Offshore, approximately 350 kilometres northwest of Luanda and 130 kilometres west of Soyo.
The provincial director of Fisheries in Benguela, José Gomes da Silva, admitted that the increase of raw salt production levels in Baía Farta municipality, currently ranging between thirty and forty thousand tons per year to 170,000 tons by the year 2017, depends on large investments.
Rwanda and Uganda are the first East African countries to become members of Africa Finance Corporation (AFC), a leading development finance institution for infrastructure projects in Africa.
APR Energy plc, a global leader in fast-track power solutions, announces today that it has signed extensions of its power generation contracts in Iraq and Angola.
Nigeria and Angola on Saturday agreed to cooperate and also reach out to other oil producing countries in an effort to shore up the dwindling price of oil in the global market.
The 2nd edition of the International Fisheries and Agriculture Fair (FIP) is opening Thursday in Luanda with the participation of 70 local and foreign exhibitors.
Chevron subsidiary Chevron Overseas (Congo) has started oil and gas production from the $2bn Lianzi development field located in a unitized offshore zone between the Republic of Congo and the Republic of Angola.
The French Agency for Development ( AFD) will fund projects linked to energy, water and sanitation in Angola. This was announced Wednesday in Luanda by AFD regional director, Martha Stein-Scochas.
Angola announced the launch of sovereign debt bonds in the international market in the form of Eurobonds, amounting to USD $1,500,000,000.00 (one thousand five hundred million US dollars), under the Executive public finance management policy, in accordance with the long-term economic and financial development programme.
Alcatel-Lucent to deliver fibre optic submarine broadband connectivity to oil and gas production facilities offshore Angola
Alcatel-Lucent Submarine Networks, the undersea cables subsidiary of Alcatel-Lucent has been awarded the development of the Sonangol Offshore Optical Cable (SOOC), a critical infrastructure project which will dramatically reduce the cost-per-bit associated with the delivery of data traffic to Angola, including its offshore oil and gas production facilities.
The government of the eastern Moxico Province envisages the creation in 2016 of farming projects in the nine municipalities of this province, with a view to increasing the offer of agricultural products for the benefit of the population, said last Friday the provincial director of agriculture, António da Silva.
APR Energy plc, a provider of fast-track power solutions, has extended and expanded its interim power solution for Société Nationale d'Éléctricité du Sénégal (Senelec), Senegal’s national electric utility.
[Angola] The German African Business Association is hosting the business forum in the most expensive capital of the world
The German African Business Association is hosting on 21 and 22 July the 6th German-Angolan economic forum in Luanda. Brigitte Zypries, the Parliamentary State Secretary will start off the forum.
AccorHotels group affirms its leadership in Africa On the occasion of the French President’s visit to Angola, AccorHotels, the world’s leading hotel operator, sealed an exclusive partnership with the major Angolan company AAA ACTIVOS LDA.
The National Programme of Electrification designed by the Electricity Sector Regulating Institute (IRSE) will secure electricity to 86 of the country’s municipal headquarters until 2017.
The Honourable Christian Paradis, Minister of International Development and La Francophonie, today launched calls for proposals for the following projects in Africa and Afghanistan:
Royal Boskalis Westminster N.V. (Boskalis) has been awarded three dredging-related contracts on the African subcontinent with a combined value of approximately EUR 75 million.
The National Programme of Urbanisation and Housing foresees to provide to the population, by 2017, about 213,000 houses and 14 new city centres accross the country to reduce the huge housing deficit in the country.
Over the last week the National Bank of Angola (BNA) has increased the amount of foreign currency sold to Angolan commercial banks by over 134 percent to US$936 million, according to a weekly report on developments in the BNA’s money and foreign exchange markets.
An event dedicated to business tourism will bring together operators and the public on Tuesday in the Mozambican capital to assess “the qualities and capabilities” of the sector in Mozambique
Luanda will host a Singapore/Angola business forum on Tuesday as part of the effort to boost cooperation between the two countries.
A two day Angola-Portugal business forum would be staged in Luanda on June 22-23 to promote and develop business opportunities between the two countries in the process of industrialization of the African country
Angolan government's quick action and improved capital market access, helps it recover from oil price decline
Investors remain cautious after the more than 50% drop in the oil price and recent credit rating downgrades in Angola, but recent signs of price stability and quick government action to manage the situation are expected to encourage development opportunities in the future.
Bestfly, has announced ahead of EBACE 2015, , that it has achieved ISBAO (International Standard for Business Aviation Operators) Stage 1.
The World Bank (WB) has appointed on 20 April 2015 the Mozambican economist Clara de Sousa for the position of Resident Representative to Angola and Sao Tome and Principe, based in Luanda.
Participants in the Broad Governing Board of the Agro-Livestock Sector of Malanje province defended the need of boosting the agriculture field in order to contribute to the process of the economic diversification underway the country.
The Angolan and Namibian authorities are studying the possibility of signing a reciprocal investment protection agreement, announced, Thursday, the President of Angola, José Eduardo dos Santos.
A team of IBM specialists has presented recommendations to Angolan authorities on a range of issues aimed at supporting Angola’s drive for economic and social transformation.
Angolan mobile operator Unitel is planning to expand its activities in the countries of the Southern African Development Community (SADC), announced its chairman, Isabel dos Santos.
ExecuJet Aviation Group is expanding the company’s managed fleet in Africa with the addition of a Falcon 900B, Hawker 800 and Bombardier Challenger 604.
Following its recent successful launches in Tanzania, Cameroon and Uganda, JUMIA has expanded to Angola, increasing the number of countries in which the e-commerce site is active to 11 and marks its continuous expansion in Africa.
[PwC analysis] Oil & Gas explorers need to rethink their capex on exploration activity in Africa in the light of the drop in the global oil price
Frontier areas around the world are expected to suffer from delayed development in the near-term. These include technically difficult projects that require more spend than conventional production such as deepwater, sub-salt, shale gas and enhanced oil recovery ventures. Countries that may see frontier project delays include offshore South Africa, sub-salt Congo and Angola, offshore Tanzania and shale gas in South Africa. Shale gas, in particular, could move forward if the gas price were not 100% fully-indexed to oil. . It should be noted that oil companies do not make their investment decisions based on short-term, cyclical price changes but rather on wider price trends given the long-term nature of these investments.
For the first time in Africa, Ericsson, together with Angola’s leading telecommunications provider Unitel, has successfully demonstrated LTE Advanced (LTE-A) Carrier Aggregation technology.
The United Bank for Africa Plc (UBA) plans to expand to Angola and South Africa as Nigeria, its largest market, is pummelled by falling crude oil prices.
UAE headquartered averda, the largest, and one of the fastest growing, waste management companies in the Middle East and Africa, is delivering city cleaning services in Ingombota, a major urban district within Angola’s capital city of Luanda. The five-year contract, awarded recently, sees averda operate in joint venture agreement, under the name Ecoverde.
Visa Nigeria has released the second annual Visa Africa Integration Index that measures the degree of economic integration within key trade corridors of sub-Saharan Africa, namely West Africa, East Africa and Southern Africa.
Empresa Interbancária de Serviços(EMIS), operator of Angola’s only interbank network, and MasterCard have announced a landmark partnership that sees all Automated Teller Machines (ATMs) in the country accept MasterCard debit, credit and prepaid cards.
Jay Ireland, President and CEO of General Electric Africa (GE Africa) has been named as one of the 15 private sector leaders to President Obama’s Advisory Council on Doing Business in Africa.The new appointees represent small, medium, and large companies from a variety of industry sectors. They will provide expert counsel on strengthening U.S partnerships with African countries and leverage opportunities for U.S. companies operating in Africa for the long term.
Kaymu, the leading online marketplace for emerging markets, today announces that it will charge sellers zero commission in over 50% of the countries where it is active, namely Algeria, Angola, Ethiopia, Kenya, Rwanda, Morocco, Tunisia, Zambia and Mozambique.
ConocoPhillips announced the Kamoxi-1 exploration well in Block 36 offshore Angola in the Kwanza Basin has been drilled to a total depth of 22,660 feet. The well will be plugged and abandoned as a dry hole. An after-tax charge of approximately $140 million net to ConocoPhillips will be recorded to dry hole expense in the fourth quarter of 2014, which includes estimated costs through November 2014.
Sidel's Innovative New Beer Bottle Gives the Appearance of Glass, But with all the Advantages of PET
Sidel, a global provider of liquid packaging solutions, recently launched the world's first-ever pasteurisable lightweight PET bottle for beer with a ...