img

Angolahub

Angola starts receiving General Electric locomotives in 2017

13 June 2016
Angola is due in the first quarter of 2017 to start receiving some of the 100 locomotives that the government commissioned from US group General Electric, announced in Luanda the chairman of General Electric Angola. David Viela told newspaper Jornal de Angola that the locomotives are already being built at the GE Transportation plant in Erie, Pennsylvania and the first are expected to arrive in the first quarter of next year and the last in 2019.

Angola exports wood to US and Namibia

13 June 2016
Two companies from the central Angolan province of Huambo are exporting processed wood to Namibia and the United States and a number of others are expected to begin to export to more countries, the provincial director of Industry, Geology and Mining said Friday in the city of Huambo. Simão Esperança told Angolan news agency Angop that MacroService provides processed wood to a company in the US auto industry and Almeidas sells plywood to Namibia.

New management of Angola’s Sonangol reorganises business portfolio

8 June 2016
The new board of directors of Angolan state oil company Sonangol will reorganise the business portfolio of the company and its subsidiaries, according to a presidential decree.

Moçâmedes railway, Angola, will transport wood and stone

8 June 2016
The Moçâmedes railway within two weeks will start shipping large wood on a large scale from Kuando Kubango to Namibe, through Lubango, announced the president of Moçâmedes Railway (CFM). Daniel Quipaxe told Angolan news agency Angop that the new service whose contracts are being finalised, will increase the company's revenues and added that a transport operation was being prepared for black granite and other ornamental stones from Huila to the port of Namibe, "an operation that is already underway but in a limited way."

Angola analyses the impact of devaluation of the currency on public works

8 June 2016
The government of Angola has created an inter-ministerial committee to assess the impact of the devaluation of the national currency on public works contracts in progress, under a joint order from three ministers. The order signed by the Minister of Finance, Armando Manuel, Minister for Planning and Regional Development, Job Graça, and Minister for Construction, Waldemar Pires Alexandre further provides that the Commission propose "sustainable corrective measures" by the end of June.

Insurance on import of goods offered in Angola

7 June 2016
Insurance on importing goods will be available in Angola, unlike what happens currently, said recently in Luanda the chairman of the Regulatory Agency for Insurance and Pension Funds (Arseg). Aguinaldo Jaime also said that an Angolan reinsurance company could be set up, "for which we will call on all the insurance market operators, with a view to retaining risks in the country that nowadays are reinsured abroad and which require spending foreign currency."

Angola LNG resumes sale of liquefied natural gas

7 June 2016
Angola LNG has launched a tender for the sale of the first shipment of liquefied natural gas (LNG) since the Soyo unit closed unexpectedly in April 2014, the company said in a statement published in Luanda. The gas was loaded onto the Sambizanga, a tanker owned by the company, between 3 and 5 June, with Angola LNG now waiting for proposals to purchase the shipment until 13 June.

Angolan company plans to build electricity towers

6 June 2016
Angolan engineering company CNJ - União Engenharia e Comércio plans to invest US$65 million in building a factory to make towers for power transmission lines, according to official information. The investment in question, according to a presidential order, will be carried out in the municipality of Cacuso, northern Malanje province, and comes at a time when the government of Angola is moving ahead with the electrification of the countryside.

President of Angola appoints Isabel dos Santos as chair of Sonangol

3 June 2016
The President of Angola has named his daughter, businesswoman Isabel dos Santos, as chair of the board and non-executive director of Angolan state oil company Sonangol, Radio Nacional de Angola (RNA) reported. The radio station, quoting a presidential order, said that the decision to dismiss the board of directors chaired by Francisco de Lemos J. Maria and appoint another in its place was intended to "increase efficiency and the ability to generate profits from the company."

Government of Angola sells 53 factories to private investors

3 June 2016
By August the Angolan government plans to sell 53 industrial units located in the Luanda/Bengo Special Economic Zone (ZEELB), according to a presidential order published in the country's official gazette. The order authorises the "transfer of all shares representing the capital" of these industrial units to "private business entities with enough capital, knowledge and technology" to develop them, according to Portuguese news agency Lusa.

Pig iron project in Angola due to be launched this year

2 June 2016
A pig iron ore processing project in the locality of Cutato province of Kuando Kubango in Angola is due to being this year, with plans for initial production of 18,000 tons, saidWednesday in Luanda the minister of Geology and Mining. Queiroz said the project is "at an advanced stage" and that from 2017 production will be increase to 90,000 tons of pig iron, according to Angolan news agency Angop.

Angola Company seeks funds to recover factory

2 June 2016
Sociedade de Desenvolvimento da Matala (Sodmat) has been seeking funds since 2009 to complete the work to refurbish its tomato processing factory, which has been at a standstill since the 1980s, the company's chairman said Wednesday. Cipriano Ndulumba told Angolan news agency Angop that some companies have been invited to carry out a diagnosis of the factory to identify what equipment is needed for it to start operating.

IMF begins assessment of financial support to Angola

1 June 2016
A team from the International Monetary Fund (IMF) is due Wednesday, in Luanda to begin meetings with the Angolan authorities to assess the amount of financial assistance provided to Angola, the IMF said in a statement. "The main goal of this mission is to continue talks on the key components of a package of reforms that would help accelerate the diversification of the economy, safeguarding macroeconomic and financial stability," the statement said.

Coffee production in Angola needs specific bank support

1 June 2016
The coffee sub-sector in Angola lacks a bank or a financial institution dedicated to meet the needs of farmers, said the president of the Angolan Association of Coffee and Palm (Cafang). João Ferreira told Angolan news agency Angop that the coffee sub-sector has needs that are not compatible with the bureaucracy and lengthy lprocesses of commercial banks in lending.

Angola awards contracts to companies from China

31 May 2016
The Angolan government has awarded to 23 contracts to Chinese companies to be financed using the credit line opened by China for Angola, according to presidential decrees published in the official gazette.

Angola’s Sonangol is limited to managing and monitoring oil contracts

31 May 2016
Angolans state oil company, Sonangol, will in future be limited to "managing and monitoring oil contracts" according to the readjustment model of the oil sector. The rights to its participated companies, at least 17 subsidiaries as well as stakes in several companies and banks, will be transferred to a state agency under the same model approved by a presidential decree of 26 May.

Angola wants to curb steel rod imports

30 May 2016
The government of Angola is considering an increase in customs duties or even a ban on steel rod imports, a product in which the country is already self-sufficient, said Thursdaythe Director of the Office of Studies, Projects and Statistics (GEPE ) of the Ministry of Industry. Ivan Prado told Angolan news agency Angop that, as well as steel of which it produces 500,000 tons, Angola is also already self-sufficient in cement production, soft drinks and bottled water, with a production of 9.2 million tons, 5 5 million hectolitres and 10 million hectolitres, respectively.

Angolan company invests US$101 million in milling unit

30 May 2016
The Technical Unit for Private Investment (UTIP) of Angola has signed two contracts, one of which, worth US$101 million, intends to produce wheat flour, reported the Angolan press. This project of greater value involves the company Grandes Moagens de Angola, which plans to build a factory in the Luanda area for wheat milling and storage silos. The investment will be channeled into contruction of facilities as well as acquiring equipment and machinery.

Angola receives investment proposals of US$30 billion in seven months

30 May 2016
Investment proposals received by the Technical Private Investment Unit (UTIP), a body set up seven months ago, so far total US$30 billion, the director general of UTIP announced recently. Norberto Garcia recalled that the approved investments over seven months amounted to US$7.5 billion in projects for the agriculture, fisheries and industrial sectors.

Angola increases banana production

27 May 2016
Banana production in Bengo province in the current agricultural year is expected to reach 360,000 tons, said Thursday in Panguila Market, Dande district, the provincial director of Agriculture. On the sidelines of the opening of the Nationally Produced Banana Fair, which runs until Sunday, 29 May, Faustino Ngonga told Angolan news agency Angop that the province continues to lead banana production in Angola, with the aim to exceed the 2015 harvest, which totalled 344,000 tons.
imgUseful links


Get our latest news

MACAUHUB MACAUHUB
MACAUHUB FRENCH