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30-10-2014 22:52:00 | by: Administrator | hits: 16869412 | Tags:

IMF recommends improved spending process in Angola
19-04-2019 | 13:02:00
The International Monetary Fund (IMF), in the framework of the technical assistance provided to the Republic of Angola, has recommended improving the process of execution of the State Budget (OGE).
Angola seeks Chinese investment in Special Economic Zone
17-04-2019 | 08:47:00
The potential of the Luanda-Bengo Special Economic Zone was presented to Chinese entrepreneurs from various sectors during the Angola / China Investment Forum.
AngoNAP Fortaleza data centre to benefit content and data sharing between Latin America and Africa
17-04-2019 | 01:41:00
Telecom multinational, Angola Cables yesterday announced the opening of its carrier-neutral data centre, AngoNAP Fortaleza in Fortaleza, Brazil.
Angola Finance Ministry sign anti money laundering agreement with US Treasury Department
15-04-2019 | 12:44:48
The Angolan Finance Ministry and the US Treasury Department signed a technical assistance agreement with the Financial Information Unit (FIU) and other bodies involved in the fight against money laundering.
US Exim Bank, Angola sign MOU to increase trade
12-04-2019 | 12:25:36
Export-Import Bank of the United States, EXIM, has entered into an MOU with the Ministry of Finance of the government of Angola to increase trade of goods and services between the United States and Angola.
Angola to award 49 oil concessions by 2025
10-04-2019 | 06:21:50
Forty-nine oil concessions will be awarded between 2019/2025 for exploration, research, development and production of hydrocarbons in Angola.
[Angola] Total launches full-field production on Kaombo with the start-up of the second FPSO
04-04-2019 | 07:31:10
Total has started up production on Kaombo Sul, the second Floating Production Storage and Offloading (FPSO) unit of the Kaombo project, located on Block 32, 260 kilometers off the coast of Luanda, Angola.
Angola and Russia strengthen cooperation with ten new agreements
04-04-2019 | 07:21:37
Cooperation between Angola and Russia is set to be strengthened with the signing of ten new agreements in different economic and social areas.
[Angola] Economic Commission approves debt strategy
26-03-2019 | 11:04:00
The Economic Commission of the Council of Ministers has approved the medium-term debt strategy (2019-2021).
Angola receives $2million from USA to combat money laundering
19-03-2019 | 11:41:00
The United States of America (US) will grant Angola around two million dollars in ongoing assistance for combating money laundering and terrorist financing, the US Assistant Secretary of State has announced.
Angola government invests $2 million in industrial park
18-03-2019 | 07:12:06
At least 636.9 million kwanzas, approximately $2 million, are being invested by the Angolan Government in the construction of the rural industrial park.
Eni announces major oil discovery in Angola
14-03-2019 | 07:19:00
Eni has announced a major oil discovery in Block 15/06 in the Agogo exploration prospect in Angola’s deep water, estimated to contain between 450 and 650 million barrels of light oil in place with further upside.
Aurecon picks Orange to manage its communications infrastructure in Africa, Asia and Middle East
12-03-2019 | 10:30:19
Aurecon has selected Orange Business Services, a global technology integrator, to manage its global communications infrastructure.
[South Africa] Sanlam remains resilient amid challenging operating environment, Sanlam annual results
07-03-2019 | 07:10:00
Sanlam’s 2018 annual results provides testimony to its resilience amid challenging operating conditions and negative investment markets as it announced its operational results for the 12 months ended 31 December 2018.
Angola and Portugal sign 11 new cooperation protocols
07-03-2019 | 06:05:00
The Angolan and Portuguese authorities have signed 11 new protocols of cooperation, in a ceremony witnessed by the Heads of State João Lourenço and Marcelo Rebelo de Sousa.
Eni Angola renews partnership with HALO Trust
28-02-2019 | 14:03:00
Eni Angola, representing Sonangol - Concessionaire and the partners of Block 15/06 - Sonangol P&P and SSI, signed a new donation contract with HALO Trust in support of the demining activity in the country.
[Angola] Seadrill establishes new joint venture with Sonangol
18-02-2019 | 10:04:37
Seadrill Limited has announced that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P.
Angola Telecom privatization set for this year
15-02-2019 | 06:53:32
The process of privatization of Angola Telecom will start this year, and evaluating the assets and assets of the company is underway.
Angola and Zambia sign agreement to strengthen control of the common border
14-02-2019 | 11:15:00
The Angolan and Zambian customs authorities have signed in Luanda an agreement for the implementation of the Joint Action Plan to adopt strategies aimed at greater control of the common border.
[Angola] BPC announces lending to new companies
12-02-2019 | 08:04:58
The president of the Board of Directors of the Savings and Credit Bank (BPC), Alcides Safeca, has announced the granting of credits to potential entrepreneurs that guarantee a lower risk of default later this year.
Seadrill establishes new joint venture with Sonangol, Angola
12-02-2019 | 07:33:00
Seadrill Limited announced that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P.
[Angola] Millennium Bank signs €30 million financing agreement with Germany’s Commerzbank
07-02-2019 | 07:20:00
Millennium Bank has signed a protocol to open a financing line with Commerzbank, Germany, for a total of 30 million euros.
Angolan Airlines reduces tariffs for domestic flights
04-02-2019 | 07:07:31
With a view to softening the financial efforts of passengers and solidarity with their economic difficulties, TAAG - Angolan Airline, has introduced a new tariff for domestic flights.
[Angola] Eni announces production of a new well in the Vandumbu field
29-01-2019 | 06:13:59
Oil and gas exploration company Eni has announced that it has successfully started production of a well in the Vandumbu field, located 350 km northwest of Luanda.
Angola, Zambia work to eliminate double taxation
24-01-2019 | 13:10:08
Angolan and Zambian officials are working to sign an agreement this year to end double taxation that allows for stability in business between the two countries.
Angola set to join the electronic window of foreign trade
22-01-2019 | 07:02:38
Angola will join the platform of the Single Window of External Trade from 2021, with a view to facilitating the movement of goods at the borders.
Angola passes resolution to eliminate double taxation with Portugal, UAE and China
17-01-2019 | 09:02:51
Angola’s National Assembly has approved draft resolutions on agreements for the elimination of double taxation with Portugal, China and the United Arab Emirates.
Angola government in talks with Volkswagen and Ford to open production lines
14-01-2019 | 07:34:00
Angolan authorities are negotiating with Volkswagen and Ford managers, two of the 12 leading automobile brands in the world, to open production lines in Angola.
China reiterates financial and infrastructural support to Angola
14-01-2019 | 07:23:10
The Chinese government will continue to provide aid to Angola, mainly in the financial and infrastructure sectors, as well as encouraging local companies to invest in Angola.
Angola and Vietnam deepen cooperation on agriculture
10-01-2019 | 09:48:40
Angola and Vietnam will increase cooperation in agriculture and technology, as part of the ongoing economic diversification process in the country.
[Angola] Webcor Group acquires Lactiango for $30 million
09-01-2019 | 09:24:17
Lactiangol, Angola's main dairy unit, has been acquired by the Webcor group, in a deal valued at $30 million.
[Angola] Banco Prestígio set to start issuing investment credit
04-01-2019 | 10:20:00
Boutique investment banking firm Banco Prestígio has announced that it will start granting investment credit this year.
Angola legalizes 55 institutions of higher learning
04-01-2019 | 06:25:54
Angola has 55 higher education institutions legalized for this academic year, according to the Secretary of State for Higher Education, Eugénio da Silva.
Angola set to have industrial pole for cutting of diamonds
02-01-2019 | 11:45:00
A pole for diamond-cutting factories, a professional technical school and other diamond-related industries in Angola are set to be inaugurated this year.
Angola launches digital platform to facilitate business environment in the country
02-01-2019 | 06:12:00
A digital platform called "Multiplica" has been launched to promote and manage the information base on organizations, services and goods in Angola.
[Angola] Sonangol, ExxonMobil sign oil exploration deal
31-12-2018 | 11:00:00
Sonangol EP and ExxonMobil Corporation have signed a Memorandum of Understanding defining the intention of signing the risks with service contracts.
Angola set to join free trade zone of SADC
31-12-2018 | 08:15:00
Angola will be able to join the free trade zone of the SADC region in 2019, where it plans to establish two customs tariffs,
Angola collects $9 billion from timber exports in three months
31-12-2018 | 06:06:00
Nine million dollars were deposited in Angolan commercial banks, from September to December, in favor of the national exporters of saw timber.
World Bank injects $50 million to improve agriculture productivity in Angola and Lesotho
28-12-2018 | 11:30:00
Efforts to improve agriculture productivity in Southern Africa got a boost following the World Bank Board approval of a $50 million project to increase the availability of agricultural technologies in Angola and Lesotho.
[Angola] UAE invests $200 million in agrarian technological centers
28-12-2018 | 08:07:00
The United Arab Emirates (UAE) will invest US $ 200 million in 18 agricultural technology centers in Angola.
[Angola] Sonangol announces $1 billion financing agreement
28-12-2018 | 06:00:00
Petroleum and natural gas company Sonangol has announced the signing of a US $ 1 billion financing agreement, fully subscribed by the African Export-Import Bank.
[Angola] Sonangol and Total sign agreement to distribute fuels
24-12-2018 | 06:12:17
The Angolan National Fuel Company Sonangol and Total have signed an agreement in Luanda in the "downstream" segment, with an emphasis on logistics and distribution of refined petroleum.
Petroleum industry reforms set Angola on path to growth in 2019
21-12-2018 | 13:00:00
Angola’s economy is set for recovery in 2019, in large part due to a series of regulatory reforms opening the country to new investment.
IMF’s $3.7 billion loan to Angola the largest in Sub Saharan Africa
21-12-2018 | 11:31:22
The International Monetary Fund (IMF) loan of $ 3.7 billion to Angola is the largest loan made available to a sub-Saharan African country.
Angola, Lesotho benefit from $50 million World Bank facility to boost agriculture technologies
20-12-2018 | 10:27:02
The World Bank's Board of Directors have approved a $ 50 million project to increase the availability of agricultural technologies in Angola and Lesotho.
Angola joins the forum of gas exporting countries
17-12-2018 | 10:52:43
Angola has been admitted as an observer member of the Forum of Gas Exporting Countries.
Eni discovers new oil offshore Angola
13-12-2018 | 07:11:00
Eni struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola.
[Angola] Bongani Investment group invests €3.5 million in ornamental rocks
12-12-2018 | 10:53:00
At least 3.5 million euros have been invested by the Alaturca Pedras Naturais plant, a company belonging to the Bongani Investment group, in the second line of cutting and polishing of ornamental rocks,
IMF approves $3.7 billion facility to support Angola’s economic reforms
10-12-2018 | 10:56:00
The Executive Board of the International Monetary Fund (IMF) has approved a $3.7 billion facility to support Angola’s economic reform program.
[Angola] IFAD to invest $7.6 million in agriculture projects across eight municipalities
07-12-2018 | 08:30:00
The International Fund for Agricultural Development (IFAD) will support the Angolan Government in the implementation of the ARP, with a $ 7.6 million financing.
Angola mulls liberalizing petroleum products import market
23-11-2018 | 08:34:00
The oil sector will soon liberalize, in its entirety, the market for importing petroleum products into the country to oil companies interested in the business.
[Angola] Samap project to reach over 86,000 smallholder farmers
21-11-2018 | 10:15:00
At least 86,000 and 460 peasant families in the province of Huíla will benefit in 2019 from the first phase of the implementation of the Family Agriculture Development Project.
ACP investment in Angola reaches $40 million in ten years
20-11-2018 | 12:00:00
Angola Capital Partner (ACP), which manages the investment funds of Norway, has invested $40 million in Angola provinces over the last 10 years.
Total inaugurates Kaombo oil project In Angola
20-11-2018 | 08:05:00
The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior and the Chairman and CEO of Total have inaugurated the Kaombo project.
[Angola] Government set to adjust customs tariff to protect domestic production
20-11-2018 | 05:53:21
The new Customs Tariff in force since August may be subject to some adjustments, after evaluating internal production capacities, Angola’s Finance Minister Archer Mangueira has said.
Angola Cables, Broadband Infraco sign deal to improve internet connectivity in Africa
15-11-2018 | 06:32:24
Multinational telecoms company Angola Cables has signed a Memorandum of Understanding with Broadband Infraco.
Israel invests $300 million in Angola’s agriculture
07-11-2018 | 06:50:57
Israel has committed $300 million to finance agricultural projects in Angola, its ambassador Oren Rozenblat announced in the municipality of Tomboco, Zaire province.
Angola bets on artisanal fishing to grow economy
02-11-2018 | 06:48:26
Angola’s artisanal fishing sub sector continues to be the driving force behind the economic and social progress of communities, contributing to food and nutritional security, creating more jobs and raising household incomes
[Angola] Maurel & Prom to acquire 20 per cent stake in two AJOCO oil blocks
24-10-2018 | 11:13:00
International oil company Etablissements Maurel & Prom has announced the signature of a sale and purchase agreement for the acquisition of the 20 per cent working interest owned by Angola Japan Oil Co., Ltd.
[Angola] BNA warns banks to observe prepayment rules
22-10-2018 | 11:51:55
The National Bank of Angola (BNA) will sanction commercial banks that do not observe the rules applicable to foreign exchange transactions of prepayments and will be prevented from carrying out new foreign exchange operations of merchandise imports.
Angola spent $96 billion on infrastructure in 13 years, data
18-10-2018 | 10:44:00
The Angolan Government invested between US $ 99.5 billion and US $ 99.5 billion between 2002 and 2015 in the construction and reconstruction of roads, bridges, railways, airports, ports, dams, power distribution networks electricity.
Angola seeks to raise $200 million in income with basket tax
18-10-2018 | 06:08:00
Angola could raise at least US $ 200 million annually with the taxation of basic products, Angola's Association of Industries (AIA) president José Severino has said.
Angola’s installed energy capacity reaches 4,400 megawatts
17-10-2018 | 09:41:28
Angola’s energy sector is since 2017 saving an overall 669,000 liters diesel/day with entrance into operation of new power plant, which enabled the country to have currently an installed 4,409 megawatts.
Angola and United Arab Emirates strengthen cooperation in defense
11-10-2018 | 09:05:00
Issues related to strengthening bilateral cooperation in the defense field are being addressed between Angola and the United Arab Emirates.
[Angola] Industrial Park to create 120 jobs in Lunda Sul
11-10-2018 | 06:39:23
One hundred and twenty jobs will be created in the province of Lunda Sul, with the conclusion in December of the current year of an industrial park in the municipality of Saurimo.
China extends $2billion credit facility to Angola
10-10-2018 | 13:06:00
The Republic of Angola and the People's Republic of China have signed a facilitation agreement providing for funding from the Chinese Development Bank, valued at $2 billion.
[Angola] BFA adds new investment center to serve high end customers
10-10-2018 | 06:20:00
Angola's Banco de Fomento (BFA) has opened in Cabinda its first investment Center in BFA in the province and the 10th specialized point in the country.
Aker Solutions to provide brownfield services for BP in Angola
09-10-2018 | 06:10:00
Aker Solutions has been awarded a five-year agreement to supply brownfield modifications, maintenance and operations support for BP's Greater Plutonio and PSVM fields offshore Angola.
Angola and China end double taxation on commercial transactions
08-10-2018 | 07:47:26
Angola and China are expected to sign a set of agreements, one of which puts an end to double taxation in commercial transactions, Angop learned in Luanda.,
Angola and Spain cooperate on maritime security
04-10-2018 | 09:07:21
The Angolan and Spanish navies are engaged in deepening cooperation in order to ensure the patrol of the coasts of Guinean Gulf and to combat piracy, illegal trade and smuggling.
Angolan GDP to drop to 1.5 per cent, Fitch Solutions
01-10-2018 | 11:49:41
GDP growth was reviewed on the 20th of September, below expected, for Angola, by the consulting company Fitch Solutions.
Submarine cable linking Angola and Brazil goes live
26-09-2018 | 05:28:30
Angola Cables has just announced that the South Atlantic Cable System (SACS) has gone live for commercial traffic.
DHL Global Forwarding names Egidio Monteiro CEO for Southern Africa
25-09-2018 | 10:23:00
DHL Global Forwarding, the leading international provider of air, sea and road freight services, has appointed Egidio Monteiro to take on the role of CEO, Southern Africa, with effect from 1 October 2018.
Angola, Portugal enter deal to end double taxation
21-09-2018 | 12:55:00
The Angolan and Portuguese Governments has signed a convention in Luanda to end double taxation on income taxes and prevent fraud and tax evasion between the two countries.
SEFA awards $1 million to Angola’s independent power producers
21-09-2018 | 10:30:00
The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank, has approved a $1 million grant to Independent Power Producers in Angola to encourage private investment in renewable energy.
Angola Airlines and Portuguese TAP to increase weekly flights
18-09-2018 | 08:20:00
TAAG Angola airline and Portuguese TAP are preparing to increase weekly flights between Luanda and Lisbon, based on an agreement on air transport agreement between Angola and Portugal.
[Column] Five roots to Central Africa’s industrialization
17-09-2018 | 11:36:20
Four years after the oil boom ended and Central African countries faced a sudden reverse in their fortunes from the strong growth of the early 2000’s.
Angola works on making trade easier, cheaper and faster
12-09-2018 | 11:15:00
The first training module of UNCTAD’s trade facilitation empowerment programme, which helps governments put in place the reforms necessary to make trade easier, cheaper and faster, has been completed
Angolan reforms to grow Tourism, Hospitality sectors - Wayne Troughton
10-09-2018 | 10:40:00
Angola’s growth prospects are set to rise as the country continues to make strides towards a more positive economic course.
[Angola] Biocom has produced half of the sugar consumed in 2018, data
07-09-2018 | 08:15:00
Fifty-one thousand, 785 tons of sugar were produced by the Bioenergy company (Biocom) in the 2018 harvest according to data released at the 34th Meeting of Working Group.
Power outages in Sub-Saharan Africa cost companies 31% in sales
06-09-2018 | 09:01:28
In Sub-Saharan Africa, countries with unreliable power cost some companies as much as 31 percent in sales, according to a new study released by the Center for Global Development.
Angola signs $170 million contract for supply of ten locomotives
04-09-2018 | 13:20:00
Angolan Railways, the consortium of Andrade Gutierrez and Zagope Angola have signed a contract valued at $169.3 million for the supply of 10 diesel locomotives with a capacity to carry seven thousand passengers.
BNA resumes sale of US dollars to Angola commercial banks
31-08-2018 | 06:14:47
The National Reserve Bank of Angola (BNA) has resumed the sale of foreign currency in dollars to commercial banks, making $30 million available, which had not happened since October 2016.
Angola seeks $4.5 billion in financial assistance from IMF
29-08-2018 | 06:06:00
Angola is to discuss a $4.5 billion extended financial programme with International Monetary Fund, IMF, as part of the financial aid the country requested to this institution.
Angola signs $500 million agreement with Germany's Commerzbank
24-08-2018 | 08:10:00
Angola has signed a framework agreement amounting to $500 million with and the German Commerzbank.
Investors express concern over entrenched state corruption in Angola
23-08-2018 | 10:19:35
EXX Africa has published a special report on the investment risk outlook on Angola.
Andersen Global expands to Angola
22-08-2018 | 06:50:26
Andersen Global has continued its expansion in Africa through a collaboration agreement with Oliveira & Associados, a law firm based in Angola, founded by Formosa Oliveira in 2016.
Angola and Zambia sign visa waiver agreement
17-08-2018 | 06:16:52
The Angolan and Zambian have held a launch of the visa-free agreement in ordinary passports, in a simultaneous act in both countries.
Angola, South Korea discuss bilateral collaboration
15-08-2018 | 07:31:00
South Korea has expressed interest in a new era of cooperation with Angola in the face of the current political reforms underway in the two nations.
Angola business owners graduate with UNCTAD entrepreneurship training
10-08-2018 | 06:20:44
Business owners in Angola from such sectors as aquaculture, information technology and education were among the first graduates of a new UNCTAD-run entrepreneurship training programme.
[Angola] Total begins production at the biggest offshore development
01-08-2018 | 09:13:40
Total has started up production of Kaombo, currently the biggest deep offshore development in Angola, located on Block 32, 260 kilometers off the coast of Luanda.
Angola champions cooperation of Portuguese speaking countries
19-07-2018 | 05:59:16
The President of the Republic of Angola, João Lourenço, has defended a realistic cooperation plan in the Community of Portuguese Speaking Countries (CPLP).
[Angola] Total awards TechnipFMC equipment construction contract
17-07-2018 | 08:48:00
UK based energy company TechnipFMC has been awarded a contract by Total E&P Angola for the Zinia Phase 2 field development, located offshore Angola at a water depth between 800 and 1,000 meters.
[South Africa] UWP Consulting mulls expanding to Angola
13-07-2018 | 06:05:00
A Gauteng civil and structural consulting engineering company is looking forward to expanding its customer base when they participate in the Trade and Investment Mission to Angola.
Provia Auto launches in 10 countries across Southern African region
12-07-2018 | 13:48:03
ProVia, the safety-focused and reliable budget parts aftermarket brand for commercial vehicle braking systems has announced its launch in 10 countries across the Southern African region.
Angola commits to navy modernization through tech
11-07-2018 | 09:11:07
Angola has expressed commitment to train and upgrade its Navy (MGA) in order to ensure defense of national interest in territorial water.
Eni announces new oil discovery offshore Angola
02-07-2018 | 12:58:31
Eni announces a new oil discovery in Block 15/06, in the Kalimba exploration prospect, in Angola’s deep offshore. The new discovery is estimated to contain between 230 and 300 million barrels of light oil in place.
Angola eyes cleaner, greener economic growth
29-06-2018 | 13:25:00
The breakneck economic growth that Angola enjoyed following the end to decades of civil conflict in 2002 came to a sudden stop when the price of oil crashed in 2014.
Kenya risk reward score among the highest in Sub Saharan Africa, index
21-06-2018 | 11:18:19
Zimbabwe, Egypt and Ghana are the leaders when comparing their September 2017 risk-reward score with the score from June 2018, according to the Africa Risk-Reward Index from Control Risks and Oxford Economics.
GE hits 100th power plant milestone in Sub-Saharan Africa
20-06-2018 | 13:34:00
At the forefront of innovation and technology in energy while collaborating with power producers across the region, GE Power has announced that it has reached its 100th power plant installation in Sub-Saharan Africa.