Tag: Angola

6 May 2019

The Angolan government has introduced further changes to the organic statute of the Private Investment and Export Promotion Agency (Aipex), which is now responsible for registering investments but not for their approval.

23 April 2019

Equatorial Guinea may soon apply to join Forum Macau, said President Teodoro Obiang Nguema Mbasogo in an interview with the Africa Monitor newsletter in Malabo.

17 April 2019

Issuing invoices for the purchase of goods or services have become mandatory for all taxpayers in Angola, a measure that aims to reduce the weight of the informal economy, alongside new rules of communication to the tax authorities.

8 April 2019

This year was expected to be one of economic recovery for Angola, but according to the latest government forecasts, 2019 will, in fact, be a year of marginal growth, at best.

1 April 2019

The ports of Mozambique, Angola and São Tomé and Principe will be linked to the Chinese “´Belt and Road” initiative, which will have a “central hub” in East Africa, wrote researcher Paul Nantulya.

29 March 2019

(PT) Asian players in the energy sector have gained a substantial foothold in Mozambique´s liquefied natural gas (LNG) projects, but they have been less active in Angola´s oil sector. They are, however, expected to be active in Angola´s new oil exploration licensing rounds, to be launched in the coming months.

22 March 2019

Angola’s President João Lourenço has put reinvigorating the agriculture sector at the heart of his economic strategy. Greater production of a wider range of crops would both reduce the US$3 billion a year that the country spends on food imports and also improve living standards in the rural areas that have missed out on more rapid economic development at the coast.

18 March 2019

The increase in the power production capacity of the Laúca and Capanda dams will create conditions for the improvement of economic activity in Angola, according to Banco de Fomento Angola.

4 March 2019

Angola, under the leadership of President João Lourenço, has been forging “new alliances,” notably with Japan, but continues to prioritise ties with China and the Portuguese-speaking countries, the Economist Intelligence Unit (EIU) said.

1 March 2019

The Portuguese-speaking countries (PSCs) will play a key role in the future of Macau outlined in the Greater Bay Area (GBA) Plan of the Central Government of China.

18 February 2019

Mozambique has exceeded expectations in terms of global connectivity, according to the latest ranking by multinational DHL, in which Timor-Leste was the only Portuguese-speaking country included to increase competitiveness compared with the previous year.

4 February 2019

The African Development Bank (AfDB) recommends coastal African countries, including Portuguese-speaking countries, to expand port infrastructure as a means of improving integration on the continent.

1 February 2019

Sonangol, the national oil company of Angola, is close to sales of assets that should earn it billions of dollars and enable it to reduce its heavy debts and invest more in the oil sector, the engine of Angola’s economy.

25 January 2019

Angola’s President João Lourenço has turned his attention to the port sector, both in an effort to assert his authority politically and also to improve the ports themselves. Angola has four main existing and planned ports running north to south: Caio in Cabinda, Luanda and the associated planned port of Barra do Dande, Lobito and Namibe, but Luanda is currently by far the most important. However, more capacity will be needed if the non-oil economy picks up as hoped, while mining export capacity is needed further south.

21 January 2019

Angola has taken another step towards reforming the oil sector, the country’s main source of revenue, with the creation of the National Oil and Gas Agency (ANPG), made official this month.

14 January 2019

The World Bank has revised its economic growth forecasts for Angola, Cabo Verde (Cape Verde) and Mozambique in 2019 and 2020 upwards, unlike Guinea-Bissau.

4 January 2019

The Angolan government appears determined to reform oil company Sonangol in an effort to reverse the country’s declining oil fortunes. President João Lourenço has made it clear that he intends to overhaul the firm ever since he replaced Isabel dos Santos with Carlos Saturnino as chairperson of the parastatal.

2 January 2019

China and the Portuguese-speaking countries were linked in 2018 by a number of new ventures, and the process of getting closer continues in the new year under the New Silk Road.

11 December 2018

Rising domestic production and import substitution has become a major concern for the new Angolan government, which now aims to stimulate the economy through new investments and prevent the outflow of foreign exchange.

3 December 2018

Angola’s Private Investment Law (LIP) regulation, which entered into force on 30 October, increases tax benefits for investors, at a time when the country intends to stimulate its non-oil economy and the export sector.

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