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 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 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.
Issues related to strengthening bilateral cooperation in the defense field are being addressed between Angola and the United Arab Emirates.
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.
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'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 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 are expected to sign a set of agreements, one of which puts an end to double taxation in commercial transactions, Angop learned in Luanda.,
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.
GDP growth was reviewed on the 20th of September, below expected, for Angola, by the consulting company Fitch Solutions.
Angola Cables has just announced that the South Atlantic Cable System (SACS) has gone live for commercial traffic.
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.
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.
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.
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.
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.
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
Angola’s growth prospects are set to rise as the country continues to make strides towards a more positive economic course.
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.
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.
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.
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 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 has signed a framework agreement amounting to $500 million with and the German Commerzbank.
EXX Africa has published a special report on the investment risk outlook on Angola.
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.
The Angolan and Zambian have held a launch of the visa-free agreement in ordinary passports, in a simultaneous act in both countries.
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.
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.
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.
The President of the Republic of Angola, João Lourenço, has defended a realistic cooperation plan in the Community of Portuguese Speaking Countries (CPLP).
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.
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, 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 has expressed commitment to train and upgrade its Navy (MGA) in order to ensure defense of national interest in territorial water.
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.
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.
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.
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.
UNCTAD is running a workshop in Angola with government officials, business managers and industry representatives to identify economic sectors that could help soften Angola's dependence on oil exports.
A National Identity Card Production and Control Center, with a daily capacity of 19,600 documents, will be built in the country's capital by March 2019.
The dramatic drop in oil prices that started in mid-2014 substantially reduced tax revenues and exports, with growth coming to a halt and inflation accelerating sharply.
Emirates has announced it will reinstate two weekly flights between Luanda and Dubai, increasing capacity to five flights per week between the two cities, starting from 1 July 2018.
Angola will buy two aircrafts to airlift troops and conduct maritime surveillance, announced the Angolan Head of State João Lourenço.
The country's mobile telephony sector will become more competed, with the entry of a third operator in the market.
The African Export-Import Bank is arranging up to $2 billion in financing support to Angola, Bank President Dr. Benedict Oramah has said.
Today Nestlé announces a reorganization in Sub-Saharan Africa. These changes will ensure its Sub-Saharan Africa business continues on a healthy growth path, delivering affordable nutrition to as wide a population as possible.
Frontier technologies are converging through the increasing use of digital platforms to produce new combinatory technologies, accelerating the pace of change across multiple sectors.
Representatives from Angola have joined international experts in Geneva, Switzerland to explore the dynamics of trade in services, and consider new ways to harness services trade for more sustainable growth.
Network Airline Management and TAAG Angola Airlines, the national airline of Angola, have renewed their long-term freighter aircraft contract.
Telecommunication company Angola Cables together with Algar Telecom, Antel and Alphabet, Inc. have announced the completion of the 10,556 km Monet Cable System.
Cazengo Coffee has announced the return of coffee from Angola to US, marking the first US import of Angolan coffee in over 40 years.
Angola has accepted the offer of Russia’s Roscosmos to build Angola’s second satellite, AngoSat-2
Angola has accepted the offer of Russia’s Roscosmos to build Angola’s second satellite, AngoSat-2, Jornal de Angola reported, citing Minister of Telecommunications and Information Technology Jose Carvalho Da Rocha.
Angola and the National Geographic Society are preparing to sign, in the short term, a cooperation protocol in the biodiversity conservation segment.
Tango renews Oena mining license in South Africa for nine years, terminates Txapemba agreement in Angola
Tango Mining Limited has announced that its subsidiary, African Star Minerals Limited, has received confirmation from the Department of Mineral Resources, Republic of South Africa.
The European Union and UNCTAD have launched a four-year, $6.9m project aimed at helping Angola diversify its economy and reduce its dependence on oil, which accounts for a whopping 93% of total merchandise exports.
Eni and Sonangol have started oil production from the Ochigufu project, in Block 15/06 of Angola’s deep offshore.
Angola will buy three C-295 maritime patrol aircraft to ensure monitoring and surveillance missions at maritime space and in particular the Exclusive Economic Zone
The Board of Directors of the African Development Bank has approved a US $100-million Trade Finance Line of Credit to Angola’s Investment Bank,Banco Angolano de Investimentos, BAI.
Gemalto, the world leader in digital security, is supplying EMIS (Empresa Interbaricária de Serviços), Angola's domestic payments processor, with a PURE white label payment solution that will enable swift migration to the enhanced security of the EMV 'Chip and PIN' standard.
Angola Cables, an Angolan telecommunications multinational has announced that U.S.-based, FiberLight, LLC will provide backhaul connectivity in the U.S., starting with the Miami, Florida region.
Angola has exempted tourism visas to stay up to 30 days per entry and 90 days a year to four African countries and one Asia nation, based on the principle of diplomatic reciprocity.
Banco Postal Angola has successfully implemented a platform that tackles integration challenges in its digital transformation journey.
Angola Investment Fund mulls performance-based forgivable loans for entrepreneurs and small businesses
The Angola Investment Fund (AIF) Board of Directors are investigating similar programs that could offer entrepreneurs and small business in Angola a performance-based forgivable loan options when they are looking to grow.
The African Export-Import Bank has announced the coming on board of Angola-based pan-African conglomerate Aenergy as a shareholder, following its successful subscription to Class “B” shares of the African multilateral trade finance bank.
The installation of the first direct link between Africa and South Americas nearing completion. The wet-plant installation is progressing in accordance to the plan and the cables will arrive in Brazil at the beginning of February 2018.
With production decline a common challenge to offshore production in mature fields globally, operators in West Africa are taking advantage of innovative technical developments
South African Airways (SAA) has announced a code-share agreement with TAAG Angola Airlines.
Russia on Tuesday launched a rocket carrying Angosat-1, the first national telecoms satellite for Angola, from its Baikonur space pad, with rare use of a rocket from Ukraine despite collapsed ties between the two nations.
The Angolan National Concessionaire Sociedade Nacional de Combustíveis de Angola, Sonangol, and Cobalt International Energy have signed an agreement to resolve all disputes and transition Cobalt’s interests in Blocks 20 and 21 offshore Angola.
Angola Cables and WACREN collaborate to expand connectivity among West and Central African research & education institutions
Angola Cables has announced an agreement with the West and Central African Research and Education Network, the regional research and education network that facilitates interconnections between national RENs in West and Central Africa.
The President and CEO of the Dannish group Haldor Topsoe has announced the construction of a factory in Soyo municipality, Zaire province with the capacity to produce two million tons of fertilizer per year.
Eni becomes operator of Cabinda North, strengthens presence in upstream, downstream, trading and renewable sectors in Angola
Eni’s CEO Claudio Descalzi and Sonangol’s Chairman of the Board of Directors Carlos Saturnino have signed an agreement that assigns operatorship of Cabinda North block to Eni, as well as 48% the block’s rights.
The Acting Chief Executive Officer of Trade Investment Africa at the Department of Trade and Industry, Ms Lerato Mataboge says it is vital for South Africa and Angola to renew and strengthen their economic partnership.
Angola Cables announced today that it has become a Microsoft ExpressRoute partner to meet the needs of Africa-based organisations migrating business applications and IT infrastructures to the cloud.
Investment funds are already available for investment in Angola. They are an excellent savings alternative instrument for the national market.
The technology group Wärtsilä has signed a framework supply contract to supply the generating equipment for three new power plant projects being implemented in Angola.
Angonix, Angola’s largest Internet Exchange Point, has welcomed i3D.net as its first remote peering customer.
In just two years, Angonix, an Internet Exchange Point (IXP) based in Luanda Angola, has grown exponentially to become the third largest African IXP.
A company, Grupo Sun Ocean Lda., formed by Sun Ocean Holdings Ltd., and QG African Infrastructure 1 LP has received formal approval from UTIP (Technical Unit for Private Investment) in Angola.
Angola Cables has taken a step closer to completion of the South Atlantic Cable System (SACS) at an official launch in Sangano, Angola.
Angola Cables today took a step closer to completion of the South Atlantic Cable System at an official launch in Sangano, Angola. SACS is the first direct link between Africa and South America.
TAAG Angola Airlines partners with Discover the World for marketing representation in France, Germany and Russia
TAAG-Angola Airlines, Angola's national carrier, has recently launched a new partnership with Discover the World for sales and marketing representation in France, Germany and Russia.
Multinational telecommunications company, Angola Cables has announced that construction had begun on its South American data centre, located in Fortaleza, Brazil.
Safaricom Ltd may expand its popular mobile-banking service M-Pesa into countries such as Nigeria and Angola, as East Africa’s biggest company grapples with regulatory scrutiny in its home market of Kenya.
Angola to Explore Business Opportunities in Agriculture, Dairy, Meat, Oil and Gas and Mining - Report
Angola is one of the fastest growing and most promising economies in Africa. Angola's high GDP growth is driven by high international oil prices.
The international service arm of TIM Group, Sparkle has been selected by Movicel Angola for its SMS network protection and revenues maximization.
Network Airline Management and TAAG Angola Airlines, the national airline of Angola have renewed long-term freighter aircraft contract, which seals their ongoing partnership.
GE today announced an order from AE Energia for fast, digital power in Angola. The order includes seven TM2500 mobile aeroderivative gas turbine generator sets, services agreements and digital solutions for PRODEL, the state-owned company responsible for power production.
New drilling initiatives in Nigeria, Ghana, Angola, and Cote d'Ivoire to drive the $190.25 billion industry, study
The global offshore drilling rigs market is poised to grow at a Compound annual growth rate of around10.2 per cent over the next decade to reach approximately $190.25 billion by 2025
[Angola] AfDB country support strategy focuses on Agricultural Transformation, Infrastructure Development in the next five years
The Board of Directors of the African Development Bank Group (AfDB) has approved the Bank’s Angola Country Strategy Paper (CSP) to guide its interventions in the country in the next five years, focusing on Inclusive growth through agricultural transformation and supporting sustainable infrastructure development.
Taking a step closer to completing a valuable new route for the global telecommunications sector, Angola Cables has announced the completion of the marine survey for the South Atlantic Cable System (SACS),
Angola Cables completes system connecting Africa and the Americas to create new route for Internet traffic
Taking a step closer to completing a valuable new route for the global telecommunications sector, Angola Cables today announced the completion of the marine survey for the South Atlantic Cable System (SACS), as well as the start of cable loading on the Angolan side of SACS.
With the cumulative loss of 4.8 million barrels in the month under review put in cost at the prevailing $55.89 per barrel for Brent crude, Nigeria is estimated to have lost over $271.8 million (N82.8 billion).
The International Monetary Fund (IMF) welcomed the Plan for Restructuring and Recapitalization of the Angolan Savings and Credit Bank (BPC), which must be based on solid bases, to contribute to the country's development.
Ministers from nine African nations (Morocco, Angola, Burundi, Central African Republic, Chad, Democratic Republic of Congo, Gabon, the Republic of the Congo and Rwanda) have today gathered in Oyo at the invitation of the President of the Republic of the Congo to sign a Memorandum of Understanding on the creation of the Congo Basin Blue Fund.
Chevron, one of the world's largest energy companies, has pledged to continue investing in the production project of Liquefied Natural Gas (LNG) based in Soyo, northern Zaire province according to its deputy Executive chairperson, Jay Johnson.
African focused investment firm Quantum Global Group were announced as the winners of the Global Banking and Finance Review award for Best Investment Company Angola 2016.