The National Bank of Angola (BNA) has granted a Payment Service Provider license to Unitel Serviços Financeiros Móveis (SU), SA, at the request of this operator.
Maersk Drilling has been awarded a three-well contract from Total E&P Angola for the 7th generation drillship Maersk Voyager which will be employed to drill development wells in Angola’s Block 17.
Accumulated oil production at the FPSO Grande Plutónio in Block 18, in the deep waters of the Angolan offshore, operated by the multinational BP, has reached 600 million barrels in the last few days
Angola national fuel company Sonangol has set its eyes on 2021 to start the construction of a center for scientific research and innovation.
Sapura Energy Berhad, a global integrated oil and gas services and solutions provider, has announced two major project wins in South America, as well as a drilling contract win in the Ivory Coast.
DOF Subsea has been awarded an integrated Field Support Vessel (FSV) contract with an international oil company in Angola.
Ramform Sovereign has completed a large acquisition project offshore Angola using multisensor GeoStreamer technology.
Angola’s oil tax revenues rose to 208 billion Angolan Kwanzas in July 2020, reflecting a 3.2% increase from the previous month, according to data released by the Special Taxation Directorate of the General Tax Administration (AGT).
Angola government's initiative to restrict imports of consumer goods, using national treasury currencies, will enhance and stimulate local production.
Qatar Petroleum entered into a farm-in agreement with Sonangol, the national oil company of Angola, and Total to acquire a 30% participating interest in Block 48, located in the ultra-deep waters offshore Angola.
Angolan service provider Sonamet has completed factory acceptance tests on all flowline structures for Total’s Zinia field Phase 2 development.
IFAD announced support for a new project to boost agricultural productivity, improve food and nutrition security and build the resilience of at least 218,000 rural families in Angola who are vulnerable to climate shocks.
Australian exploration company Pensana Rare Earths has listed its Longonjo project in Angola on the London Stock Exchange, representing the U.K.’s first resources-focused IPO since COVID-19.
Oceaneering International announced its Asset Integrity group has secured a three-year contract in Angola with Cabinda Gulf Oil Company Limited (CABGOC), a Chevron subsidiary.
Recently, Svitzer took an important step towards strengthening its presence in Africa by signing a five-year contract with Nacala Logistics in Mozambique for harbour towage, occasional pilot transfer and potential salvage work in the port of Nacala.
With an economic recession expected at -1.4 per cent by IMF this year, Angola is expected to be less hit than its immediate neighbours or than the rest of African oil-producing countries.
Angola produced 8,000 tons of coffee in 2017 – a fraction of the more than 230,000 tons it produced annually in the early 1970s when it jockeyed with Côte d’Ivoire and Uganda for the title of Africa’s top exporter.
Network Airline Management and TAAG Angola Airlines have renewed their long-term B747-400F aircraft contract by an additional 12 months.
Oceanteam announced the completion of Bourbon Oceanteam 101 charter agreement in Angola.
Telecommunications multinational, Angola Cables has recorded a 170 per cent growth in traffic on its IP Network in the first quarter of 2020 when compared to the same period last year.
The Board of Directors of the African Development Bank has approved a $40 million financial package to support Angola’s Banco Millennium Atlântico.
The coronavirus (COVID-19) pandemic’s blow to global oil prices has re-emphasized the need for Angola to wean its economy off volatile fuel exports.
Angola, Senegal, Cameroon, Ghana and Nigeria among the most hard hit amid Covid-19 and oil price plunge, African Energy Chamber
African oil-producing and reliant countries have been among the most hard hit by the COVID-19 pandemic and declining oil price.
Marine geophysical company PGS announced the completion of acquisition on its MC3D Kwanza Shelf survey offshore Angola.
About three hundred chicks for the promotion of family poultry farming have been distributed to families in the locality of Angola’s Quirima do Hola.
The organic fertilizer plant will this year double its current production capacity from 80,000 tonnes a day to 160,000.
At least a thousand technicians, including enumerators, supervisors, cartographers and computer experts, are mobilized, throughout the country, for the Agro-Livestock and Fisheries Census (RAPP) census.
The EU wants to improve the performance of the coffee value chain to the diversification of the economy, through a program for the development of the private sector, financed with 12 million euros.
TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation contract from BP Angola for the Platina field development, located offshore Angola.
BP Angola has increased its financial grant to $6.1 million over four years to support the work in Angola of British landmine clearance charity the HALO Trust.
Ocean Infinity, the next generation marine robotics company, has successfully completed its project with Total E&P in Angola, one of the main branches of Total, a major energy player worldwide.
[Angola] Eni's Agogo-3 field size increases to 1 billion barrels, paves way for full field development with a third production hub
Eni has successfully drilled Agogo-3, the second appraisal well of Agogo discovery in Block 15/06, offshore Angola, increasing by about 40% the estimate of oil in place, which is now of 1 billion barrels.
DOF Subsea has been awarded two contracts for international clients in Africa, securing further vessel and resource utilisation in Q1 and first part of Q2 2020.
Oceaneering International announced the award by units of BP, of a contract to provide comprehensive Riserless Light Well Intervention (RLWI) services offshore Angola in Blocks 18 and 31.
More than 400 mobile hives will be produced by the end of this year, in Angola's municipality of Dande, Bengo province, within the scope of the Caximel project.
The interconnection of the different sectors of the Angolan fisheries value chain is contributing to the sustainable development of the economy, according to the Secretary of State for Fisheries, Carlos Cordeiro.
The European Commission signed a total of €23 million in projects with Angola aimed at promoting jobs, economic diversification, investments and the participation of civil society in local governance.
The first Angolan digital bank, called DUbank Angola, with an initial investment valued at $12 million, is set to be inaugurated in the first quarter of this year.
Nokia has announced that Angola Cables is trialing Nokia’s Photonic Service Engine 3 (PSE-3) chipset for the first direct optical connection between the USA and Africa.
Eni has reported on the start-up of its offshore Agogo oilfield, situated in the 15/06 Block in the Angolan waters.
ANPG, State concessionaire for oil & gas rights in Angola, assigned Block 28 to Eni (as Operator with 60%), as a result of the international competitive Bid Round 2019.
Eni announces the start-up of its offshore Agogo oilfield, situated in the 15/06 Block in the Angolan waters.
Maersk Drilling has been awarded contracts for a three-well exploration drilling project by Total E&P Angola Block 32, Block 48 and Total E and P Namibia B.V. for the 7th generation drillship Maersk Voyager.
[Angola] Agostinho Neto Cooperative receives tractors from government to boost agricultural production
The Agostinho Neto Cooperative has received three tractors and their implements from the Government to increase the extension of cultivation areas and agricultural production.
Angola set to create first Agribusiness information center to deepen uptake of smart farm technologies
The Angolan Government has requested technical support from the United Nations Food and Agriculture Organization (FAO) for the establishment of the first Agri-Business Information Center.
Seventeen agricultural tractors from the 39-lot destined for Cabinda province, as part of the Executive Program's strategy to tackle food crisis, diversify the economy and reduce imports, have arrived in Angola’s Cabinda province.
The launch of the first underwater scientific research vessel, in August, for the conservation and use of oceans, seas and fishing resources, marked the achievements of the Fisheries sector in 2019.
Angola will become self-sufficient in wheat flour production by 2020, taking into account the forecast of the country's three mills producing 208,000 tons per year, totaling 840,000 tons.
A group of Indian businessmen, linked to the agribusiness sector, intend to invest in the province of Lunda Sul, in the agriculture sector.
Total, operator, and its partners Equinor, ExxonMobil and BP have signed an agreement with national oil, gas and biofuels agency ANPG and state-owned Sonangol of Angola, to extend their consortium’s production licenses to 2045.
Total has signed a sale and purchase agreement with state-owned Sonangol of Angola to acquire interests in Blocks 20/11 and 21/09 in the Kwanza Basin, offshore Luanda, Angola.
The South African business group Agri All Africa intends to focus on boosting the agricultural sector in Malanje Province in Angola, with a focus on empowering small farmers through increased production of cash crops for export of surpluses.
Ocean Infinity, the next generation sub-sea technology and data company has been awarded a contract by Total E&P Angola.
Honey produced in Huila province will be certified by the United Nations Food and Agriculture Organization (FAO) in February 2020.
[Angola] Government furthers mechanization drive with award of 40 more tractors to agriculture operators
Six agricultural operators in the municipalities of Lubango, Matala, Chibia and Caluquembe of Huila Province have received 40 tractors and their agricultural implements.
The Angolan South Africa Chamber of Commerce and Industry (Caciaas) will focus on the development of agricultural and livestock production,.
[Angola] Jorge Semedo and sons looks to mechanized farming to increase production of maize and bananas
Agricultural company Jorge Semedo and sons in Bengo province needs investment to purchase mechanical sprayer, excavator, irrigation system and harrow to increase production rates.
Angola’s Minister of Fisheries and the Sea, Maria Antonieta Baptista, has announced in Luanda, the creation of the National Fisheries Observers Agency.
Angola may, in the short and medium term, achieve self-sufficiency in the production of wheat flour, with the increase of the country's mills.
Twenty tractors, out of 50 made available by the Government of Huambo province in Angola, have been distributed to two operators as a way to stimulate mechanized agricultural production.
Angola’s Minister of Agriculture and Forests, António de Assis, has, in the municipality of Mungo (Huambo), launched the Program of Revitalization of Arabica Coffee Culture in the family sector.
A tomato production and processing project will be implemented in the second quarter of 2020 in Huila province, according to Erikson de Carvalho, a young entrepreneur.
Forty tractors and their implements have been delivered to eight businessmen in Luínga, Ambaca municipality to support the agricultural sector in the region.
IFC, a member of the World Bank Group, has opened an office in Angola to deepen its support for private sector development and economic diversification the country.
Angola's fiber optics Internet connectivity provider, Angola Cables, announces a partnership with Germany-based Deutscher Commercial Internet Exchange (DE-CIX).
A record 45 million people across the 16-nation Southern African Development Community (SADC) will be severely food insecure in the next six months, United Nations food agencies have warned.
DOF Subsea has secured 2 contracts totaling more than 160 vessel days for Skandi Seven and Skandi Skansen in Africa.
Seven agro-industrial projects, approved by commercial banks, under the Credit Support Program (PAC), will be financed with a total of 8,412,867,000, equivalent to $18 million.
Angola becomes 8th Member State to sign Charter establishing SADC regional fisheries Monitoring Control Surveillance Coordination Centre
The Minister for Fisheries and Sea of the Republic of Angola signed the Charter establishing the SADC regional fisheries Monitoring Control Surveillance Coordination Centre (MCSCC) in Maputo, Mozambique.
Angola is on the list of African countries whose economic recovery has remained weak, a situation that is “weighing” on the region's prospects, according to the report of the 20th edition of Africa's Pulse.
The Angolans citizens’ personal data become protected from now onwards, with the official launch of the National Database Protection Agency (APD).
[Angola] Drought and commercial cattle farming exposes tens of thousands to devastating hunger, Amnesty International
Tens of thousands of pastoral farmers who have been driven off their land to make way for commercial cattle ranches have been exposed to a greater risk of hunger and starvation as drought grips southern Angola.
Eni, Government of Angola deepen cooperation for efficient and sustainable access to energy resources
The President of the Republic of Angola and the CEO of Eni met in Luanda to discuss new community development initiatives that would contribute to the carbon neutrality of Eni's activities in the country.
Insurance company Fortaleza has launched the sale of travel insurance via the Internet, through a platform available on the company's website, which operates 24 hours a day.
CGG Subsurface Imaging, part of CGG’s Geoscience division, has delivered state-of-the-art broadband 4D seismic results ahead of schedule from BP Angola’s latest monitor survey offshore Angola.
GE Healthcare has announced the appointment of Maria do Rosario Boavida as the Country Leader for Angola. Maria is the first Country Manager for GE Healthcare in Angola.
Bob Koigi, multiple award winning journalist and East Africa Region Chief Editor at Africa Business Communities, was recently selected as one of the 100 worldwide most influential people of African descent under 40
The General Tax Administration (AGT) has as of today a Contact Center and a Tax Information Center (BI Showroom) to serve citizens and businesses.
TM GLOBAL and Angola Cables have been exploring another alternative via a new express route connecting the southern hemisphere subsea cables from Asia directly to South America
Banco de Fomento Angola (BFA) has signed on to the Afreximbank Trade Facilitation programme for an initial $50-million line of credit, becoming the first Angolan bank to sign on to the programme offered by Afreximbank.
Angola’s Ministry of Commerce has presented an electronic payment system for import, export and re-export registration with a view to facilitating and reducing bureaucracy.
Angola's Ministry of Trade, Ministry of Economy and Planning, together with the UNCTAD discussed reforms to boost FDI for economic diversification, during the presentation of the Investment Policy Review (IPR) in Angola.
Angola presents a wealth of business opportunities for the South African private sector, Commerce Minister
Angola Commerce Minister Dr Joffre Van-Dunem Junior said that Angola is a trade and investment destination for the South African companies keen on investing and doing business in the country.
A South African business delegation is in Luanda, Angola in search of export market as part of the Outward Trade and Investment Mission.
Qatar Airways will commence a new five-times weekly service to Luanda, Angola, starting 29 March 2020, to be operated by a Boeing 787 Dreamliner aircraft.
Chad has sent an invitation to Angola to explore oil in the country, Angola’s President João Lourenço has said.
Angola and Cape Verde have signed three agreements to end double taxation and guarantee mutual administrative assistance in customs and tax matters between the two countries.
As Angola’s new president João Lourenço embarks on reforms aimed at fostering a dynamic local entrepreneurial sector, his success will ultimately be judged by the fortunes of people like Alcino António.
Aberdeen-based floating production solutions specialist Amplus Energy Services has been awarded a multi-million-dollar contract to re-evaluate the development of marginal fields in Angola.
Allied Wallet Africa, a global FinTech company offering various payment solutions in 196 countries, recently announced a new office in Angola, Africa to support the growing opportunities for African entrepreneurs.
TVCabo users will be able to watch ZAP and DSTV channels at any time and place via devices such as smartphone, tablet, computer, or operator's IPTV Box, provided they are connected to the Internet.
Angola Cables has announced that, through its low latency submarine fibre cable routes, it will provide a new Live Gaming Portal in Angola.
Sonangol subsidiary MSTelcom has invested $4 million from 2018 in two new services MStcloud and Cyber Security, two technological solutions, one for storage and one for corporate virtual data protection.
Eni has successfully drilled Agogo-2, the first appraisal well of the Agogo discovery in Block 15/06, offshore Angola.
The Angolan state could spend $ 11 million every year on cybersecurity, with the implementation of systems and the computer incident response center recently launched.
VAALCO Energy announced that the Company has paid $4.5 million to ANPG, as National Concessionaire, under the terms of the previously announced Settlement Agreement executed earlier this year.
The weighted average cost of producing a barrel of oil per block in 2018, excluding abandonment costs, rose 12 percent to $ 7.53 versus $ 6.74 in 2017.
The European Investment Bank intends to provide 30 million euros of funding to support Angolan small and medium-sized enterprises, Angolan bank representative Marc Leistner has said.
Angola Cables, an Angolan multinational telecommunications company has launched Angola Cables Cloud Service to the African market.
The National Bank of Angola (BNA) has determined the limits of values to be moved in the country's payment system.