Tag: Angola

27 April 2020

The project to extract rare-earth minerals in Angola is still underway, despite the current state of emergency, in order to ensure that the country will become a supplier in a market dominated by China and Australia.

20 April 2020

The global economic crisis caused by the Covid-19 pandemic is expected to affect economic growth in Africa, with highly indebted countries, such as Angola and Mozambique, with a limited capacity to respond to stimulus, according to the UN Economic Commission for Africa

14 April 2020

The agreement between the Organization of Petroleum Exporting Countries (OPEC) and non-member countries to bolster the recent fall in oil prices is expected to lead to a cut in Angolan oil production to around 1.1 million barrels per day.

7 April 2020

The economic crisis triggered by the Covid-19 pandemic is forcing a depreciation of the currencies of Angola and Mozambique, and thus making imported products more expensive, particularly from China, according to various market agents.

3 April 2020

The Covid-19 pandemic is putting under stress not only African countries’ health systems, but also their economies and societies, due to the lockdowns to enforce quarantines.

23 March 2020

The Covid-19 pandemic demonstrates the importance of the implementation of the African Continental Free-Trade Area (AfCFTA), which includes the Portuguese-speaking African Countries, according to the UN Economic Commission for Africa (UNECA).

16 March 2020

The strategic partnerships that China has signed in recent decades, particularly with the majority of Portuguese-speaking countries, are a major factor to boost the Belt and Road initiative (BR), according to researchers, Yichao Li and Mário Barbosa Vicente.

14 February 2020

Despite substantial reforms to attract investment, which have already reflected in an improvement in the global corruption perception index, the Angolan economy is still in negative territory. Heavy reliance on oil exports means Angola’s GDP is highly exposed to “contagion” from the effects of the coronavirus crisis in China.

3 February 2020

Angola has a high potential for agriculture on a large scale and can diversify its economy through this sector in order to overcome some constraints, according to the International Financial Corporation (IFC), of the World Bank.

30 January 2020

The United Nations (UN) expects to remove Angola and São Tomé and Principe from the group of least developed countries (LDCs), according to the World Economic Outlook report.

20 January 2020

Angola and Mozambique are among the African countries whose debt burden places them in a situation of financial risk, which may keep investors away, according to the World Bank.

13 January 2020

Chinese financing on a large scale for the construction of infrastructure in exchange for natural resources, which became known as the “Angola Model” is now being developed into the “Ghana Model” according to researcher Eric Olander, founder of the “China Africa Project.”

10 January 2020

Angola experienced its fourth straight year of recession in 2019. The government and the International Monetary Fund expect the new year to be a turning point, towards a return to growth. With the economy still dependent on oil revenues, much will depend on the country’s capacity to stop a decrease in oil production, as well as on oil prices in international markets.

6 January 2020

Angola and Cabo Verde are conducting projects to increase security in their main cities, using video surveillance, using Chinese technology and financing, with a view to improving conditions for activities such as tourism.

30 December 2019

Cabo Verde recorded the biggest economic growth among all the Portuguese-speaking African countries, as a new year is about to begin in which Mozambique is expected to see strong economic acceleration and a possible return to growth for Angola.

26 December 2019

The advance payment of Angola’s debts to Brazil has given the Angolan State Budget (OE) in 2020 some financial leeway, according to studies office of Banco Fomento Angola

16 December 2019

Guinea-Bissau, Cabo Verde and Mozambique are among the African countries that are most open, with regard to visas, to the citizens of other African states, according to the African Union (AU) and the African Development Bank (AfDB).

10 December 2019

The implementation of the African Continental Free Trade Area (AfCFTA), which includes the Portuguese-Speaking countries, enhances the attractiveness of the continent for industrial investment from China, according to Jeremy Stevens, chief economist of the South African Standard Bank responsible for China.

6 December 2019

Angola’s economy has been undergoing a prolonged recession since 2014, with oil production declining and oil prices subdued. Not only is the recession expected by independent analysts to continue, but now Angola’s second export – diamonds – is also taking a hit.

25 November 2019

Angola will only return to economic growth in 2021, when the economy’s growth rate is expected to reach 2.4%, after falling 3.8% this year and 1.4% in 2020, according to the latest country report produced by the Economist Intelligence Unit (EIU).