Angolahub

Cambambe dam increases electricity production in Angola

8 January 2016

The Angolan electricity grid will receive an additional 960 megawatts of power with the entry into operation of the second power plant of the Cambambe Hydroelectric Project in the province of Kwanza Norte, announced the Minister of Energy and Water.

Angola’s economy is expected to grow 3.3 pct in 2016

8 January 2016

Angola's economy is expected to grow this year by 3.3 percent, after closing 2015 with growth of 3 percent, both less than half the 6.8 percent growth registered in 2014, before the fall of oil prices, according to a World Bank report. The Global Economic Prospects report released Thursday in Washington, showed that Angola is this year expected to grow slightly more than in 2015 but remaining below the economic growth forecast for Africa as a whole, which is expected to grow from 3.4 percent in 2015 to 4.2 percent in 2016.

Angola launches tender reserved for Chinese companies

7 January 2016

The government of Angola this month plans to launch a tender exclusively for Chinese companies for the execution of contracts in seven industrial development hubs, according to an official notice published in state-owned newspaper Jornal de Angola.

Angolan factory starts exporting fishmeal to China

7 January 2016

The province of Benguela in Angola, will start exporting fishmeal to China, following a request submitted to a factory in Baía Farta, said the provincial director of Fisheries, José Gomes. Cited by state newspaper Jornal de Angola, Gomes said this plant produced 285,000 tons of fishmeal between January and November 2015, with the majority being exported to Namibia and South Africa, priced at US$1,250 a ton.

Angola’s National Geology Plan surveys mineral resources

7 January 2016

The implementation of the National Geology Plan (Planageo) underway in Angola will make it possible to discover the existing mineral resources in the country in general and in the province of Kuando Kubango, in particular, said the provincial director for Industry, Geology and Mining. Bento Francisco Xavier also told Angolan news agency Angop that there was an abundance of minerals in the southeastern region of the province, according to old information, including gold, diamonds, iron ore, copper, tin and quartz.

Indian group Tata starts operating in Angola

6 January 2016

Tata International, a trading and distribution company of Indian group Tata, plans to expand in Africa by entering the Angolan and Ethiopian markets, bringing its presence in Africa to a total of 14 countries, said a senior company executive.

Stagnation of the construction market in Angola and Portugal leads to redundancies

6 January 2016

The stagnation of the construction market in Angola and in Portugal is the basis of collective dismissal of 500 workers at construction company Soares da Costa, according to a document signed by the CEO of the company. In this document, cited by Portuguese news agency Lusa, Joaquim Tapes noted the "negative impact" on the company of the crisis and the "stagnation of the construction market" in Portugal and Angola, its main market, a situation that makes "downsizing and restructuring of the company inevitable."

Trade between China and Portuguese-speaking countries shrinks 25 pct from January to November

6 January 2016

Trade between China and Portuguese-speaking countries experienced a real contraction of US$31.674 billion from January to November 2015 compared to the same period of 2014, according to official figur…

Angola’s currency falls against the US dollar

5 January 2016

The decision of the National Bank of Angola to allow the kwanza to depreciate took the Angolan currency to a record low of 158.73 kwanzas per dollar on Monday, according to financial news agency Bloomberg.

Fuel prices rise in Angola and fall in Cabo Verde

5 January 2016

The introduction of the free price system in the sale of fuels in Angola has made the price of a litre of gasoline rise by 39 percent from 115 to 160 kwanzas and diesel by 80 percent from 75 to 135 kwanzas, according to a statement from state oil and gas company Sonangol. The Ministry of Finance said the introduction of free pricing for most fuel was intended to eliminate the high cost of fuel subsidies provided by the state.

Unitel offers 140 million euros for 10 pct of Banco de Fomento Angola

4 January 2016

Angolan company Unitel has offered 140 million euros for 10 pecent of Banco de Fomento Angola (BFA), of which it has already owned 49.9 percent since 2008, according to a communication to the market published Sunday in Lisbon.

Page 140 of 140« First ‹ Previous 136 137 138 139140

Useful links

MACAUHUB FRENCH