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).
DOF Subsea has secured 2 contracts totaling more than 160 vessel days for Skandi Seven and Skandi Skansen in Africa.
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.
Wave of Mergers & Acquisitions strengthens banks’ credit profiles across sub-Saharan Africa, Moody's
The wave of mergers and acquisitions among banks in sub-Saharan Africa is credit positive for bank creditors and is set to continue, Moody's Investors Service said in a report published today.
The first digital laboratory in Angola, to promote an ecosystem of fostering entrepreneurship and digital innovation, has been unveiled by the President of the Atlantic Bank, Daniel Santos.
The Angolan Government has signed two Memoranda of Understanding for strengthening cooperation in the field of Telecommunications and Information Technology with Rwanda and the Kingdom of Sweden.
Vodacom Group has entered into an agreement with Internet Technologies Angola, the largest independent enterprise telecommunications provider in Angola.
The Ministry of Telecommunications and Information Technologies (MTTI) has launched the domain "ao" - an electronic website and institution indicating that they are registered in Angola.
Angola Airlines, as part of the process of renewing its fleet of aircraft, has acquired six new Dash8-400s, from the Canadian company "De Havilland of Canada Limited".
The 2019 African Space Industry Annual Report explains that the industry has already reached over USD 7 billion of annual revenues and is projected to grow at a 7.3% compound annual growth rate to exceed USD 10 billion by 2024.
Angola private company Bestfly will take delivery of two ATR 72-600s from lessor Acia Aero to operate corporate and charter services throughout the country.
General Electric has announced the appointment of Jaime Morais as the Country Leader for GE in Angola.
Eni and Sonangol have signed the Heads of Agreement for the incorporation of Solenova Ltd, a joint controlled company set up to assess and develop renewable energy opportunities in Angola.
Baker Hughes, a GE company has announced the inauguration of its multimodal facility (MMF) for oil and gas in Luanda, Angola.
Angola made another stride in becoming Africa’s hottest oil & gas frontier by launching the first phase of its brand new six-year oil licensing strategy.
ExxonMobil and its partners said they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels.
Chevron oil company has awarded a contract to SPIE Oil & Gas Services, to support operations on the 0 and 14 oil blocks located in the Angolan province of Cabinda at the extreme north of the country.
The National Oil, Gas and Biofuel Agency (ANPG) and ENI have announced a new oil discovery in Block 15/06, in Angolan deepwater.
The National Gas and Biofuels Agency (ANPG) has drawn up a short-, medium- and long-term strategic plan to reduce the decline in oil production, currently estimated at 1,400,000 barrels per day.
An office of the World Bank will be opened in Luanda this September to finance private investments in the tourism sector.
Five hotels from 3 to 5 stars are expected to be built in the country in the next few years by the international hotel chain Radisson Hotel Group, its developer in Erwan Garnier has said.
Foreign Affairs ministers of Angola and Nigeria have expressed the two countries need to deepen political, socio-economic and cultural cooperation with a view to strengthening existing ties.
An aluminum profile factory with an annual production capacity of 10,000 tonnes, a $40 million investment from China's CITIC, has been inaugurated in the Luanda-Bengo Special Economic Zone (ZEE) in Viana Angola.
Angola’s Telecommunications Institute (ITEL) has been certified by the Huawei Academy, under an agreement signed in 2018 and which has already allowed 235 students.
Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well was drilled on the Ndungu exploration prospect.
Twenty-five million US dollars were made available on credit by the World Bank to the Angolan government to support the investigation of the entire cassava production chain in Angola.
Angola Ministry of Economy and Planning as launched a new Electronic Goods Import Licensing Service to improve the business environment and motivate economic activity.
The Angolan government is negotiating with the Deutsche Bank, a credit line of $ 1 billion to boost the private sector, especially the productive sector, the President of the Republic, João Lourenço has said.
Angola Airlines TAAG has resumed the sale of tickets in national currency, the Kwanza, regardless of the beginning of the route.
Representatives of the Ministry of Energy and Industry and companies from Saudi Arabia have visited Angola to gather information on business opportunities in Angola.
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).
The potential of the Luanda-Bengo Special Economic Zone was presented to Chinese entrepreneurs from various sectors during the Angola / China Investment Forum.
Telecom multinational, Angola Cables yesterday announced the opening of its carrier-neutral data centre, AngoNAP Fortaleza in Fortaleza, Brazil.
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.
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.
Forty-nine oil concessions will be awarded between 2019/2025 for exploration, research, development and production of hydrocarbons in Angola.
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.
Cooperation between Angola and Russia is set to be strengthened with the signing of ten new agreements in different economic and social areas.
The Economic Commission of the Council of Ministers has approved the medium-term debt strategy (2019-2021).
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.
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 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 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
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.
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, 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.
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.
The process of privatization of Angola Telecom will start this year, and evaluating the assets and assets of the company is underway.
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.
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 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.
Millennium Bank has signed a protocol to open a financing line with Commerzbank, Germany, for a total of 30 million euros.
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.
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.
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 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’s National Assembly has approved draft resolutions on agreements for the elimination of double taxation with Portugal, China and the United Arab Emirates.
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.
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 will increase cooperation in agriculture and technology, as part of the ongoing economic diversification process in the country.
Lactiangol, Angola's main dairy unit, has been acquired by the Webcor group, in a deal valued at $30 million.
Boutique investment banking firm Banco Prestígio has announced that it will start granting investment credit this year.
Angola has 55 higher education institutions legalized for this academic year, according to the Secretary of State for Higher Education, Eugénio da Silva.
A pole for diamond-cutting factories, a professional technical school and other diamond-related industries in Angola are set to be inaugurated this year.
A digital platform called "Multiplica" has been launched to promote and manage the information base on organizations, services and goods in Angola.
Sonangol EP and ExxonMobil Corporation have signed a Memorandum of Understanding defining the intention of signing the risks with service contracts.
Angola will be able to join the free trade zone of the SADC region in 2019, where it plans to establish two customs tariffs,
Nine million dollars were deposited in Angolan commercial banks, from September to December, in favor of the national exporters of saw timber.