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Angolahub

Angola’s public debt increases by 14.45% in 2018 to more than US$85 billion

9 May 2019
Angola's public debt reached US$85.20732 billion or 79.66% of the Gross Domestic Product (GDP) at the end of 2018, an increase of 14.45% over the amount recorded in 2017, according to the National Bank of Angola.

Angola’s president appoints a new board for state-owned Sonangol due to the fuel crisis

9 May 2019
The lack of fuel at Angola's fuel stations has led to the dismissal of the board of national oil and fuel company Sonangol, according to a presidential decree signed on Wednesday.

Angola finalises introduction of Value Added Tax

9 May 2019
The Angolan General Tax Administration (AGT) is finalising details of Value Added Tax (VAT or VA in Portuguese) can be introduced on 1 July, said the coordinator of the group for the application of this tax.

Angolan government submits a proposal for State Budget review to parliament

8 May 2019
The Angolan government on Tuesday in Luanda submitted a formal proposal for the review of the State Budget Bill for 2019 to the president of the country's parliament, Fernando da Piedade Dias dos Santos, the Angolan press reported.

Angola’s Banco Económico takes stake in Tranquilidade insurance company

8 May 2019
Angolan bank Banco Economico plans to acquire the shareholding of Seguradora Unidos in Tranquilidade - Corporação Angolana de Seguros, the Regulatory Competition Authority (ARC) announced in a statement released in Luanda.

Angolan government mobilises resources to secure fuel supply

8 May 2019
The Angolan government has announced the mobilisation of the necessary resources to completely stabilise the fuel supply market in the next few days, according to a statement from the Civil House of the President.

Forum Macau wants more tourist cooperation with Portuguese-speaking countries

7 May 2019
Boosting exchange and cooperation in the areas of tourism, conventions and exhibitions is a key task in the framework of Forum Macau, the Secretary-General of Forum Macau said on Monday.

Imports of goods into Angola will require hiring a national insurer

7 May 2019
Angolan companies will be forced to hire an Angolan insurance company when importing consumer goods and equipment, the chairman of the Angolan Agency for Regulation and Supervision of Insurance (Arseg) announced on Monday in Luanda.

Angola’s national reinsurance company presented to investors within three months

7 May 2019
The creation of Angola's national reinsurance company, Empresa Nacional de Resseguros de Angola "AngoRe" is in its final phase and is expected to be presented to potential shareholders within three months, the president of the sector regulator said on Monday in Luanda.

Lack of fuels in Angola is due to difficulty accessing currency

7 May 2019
The shortage of fuel in Angola's fuel stations is due to the difficulty in accessing foreign exchange to pay for the import of refined products, Angolan state oil company Sonangol said in a statement released in Luanda.

World Bank funds scientific research into cassava in Angola

7 May 2019
The World Bank has provided a loan of US$25 million to Angola to fund scientific research into the country's cassava production chain, said the coordinator of the Agricultural Productivity Program for Southern Africa.

Angola’s bioenergy company starts exporting ethanol to Europe

6 May 2019
Angolan biofuel company Biocom this month plans to export 8,500 cubic feet of ethanol to Europe in two shipments on 13 and 23 May, announced the company's sales director.

International Finance Corporation opens representative office in Angola

6 May 2019
The International Finance Corporation (IFC), of the World Bank Group, is opening a representative office in Luanda next September, said in Luanda, Frank Doumba, of the IFC.

Toyota Group wants to contribute to the development of Angola

3 May 2019
The Toyota group is interested in contributing to the growth of Angola, not only in the automotive sector but in the areas of infrastructure and energy, the chief executive of Japan's Toyota Tsusho Corporation said on Thursday in Luanda.

Privatisation of public companies in Angola will give rise to shareholder market

3 May 2019
The government-approved privatisation of state-owned companies will lead, from July to the emergence of a stock market in Angola, the chairman of the board of the Angola Debt and Stock Exchange (Bodiva) said on Thursday in Luanda.

World Bank grants new credit to Angola

3 May 2019
The World Bank will grant an additional loan of US$1.2 billion to Angola in June, which will be applied to a pre-selected set of projects, one of the institution's executive directors said on Thursday in Luanda.

Government of Angola establishes rules for importing goods in the basic basket

3 May 2019
The import of the 54 products that make up Angola's basic basket has been restricted since 30 April to comply with a set of requirements that prioritises their acquisition in the domestic market, announced the Ministry of Economy and Planning.

Investment proposals in Angola reach US$750 million in nine months

2 May 2019
Between August 2018 and April last, Angola's Private Investment and Export Promotion Agency (Aipex) received 118 investment proposals worth a total of US$750 million, director Sandra Dias dos Santos, said in Luanda.

National Bank of Angola rules that banks must apply differentiated interest rates

30 April 2019
Commercial banks operating in Angola will have to apply differentiated interest rates to their clients, under Instruction 04/2019, of 26 April, released on Monday in Luanda by the National Bank of Angola.

Angola wants to increase annual diamond production to 14 million carats

30 April 2019
The Angolan government intends to increase the country's annual production of diamonds to 14 million carats, compared to the current 9 million carats, the Secretary of State for Geology and Mines said on Monday in Luanda.
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