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Angolahub

Luanda surface light rail system will cost US$3.5 billion

6 November 2019
The estimated cost of Luanda's light rail system, construction of which begins in 2020, is US$3.5 billion, Transport Minister Ricardo de Abreu said on Tuesday.

Macau attends 2nd edition of China International Import Exhibition

5 November 2019
A delegation of over 100 businesspeople from Macau has travelled to Shanghai to attend the 2nd edition of the China International Import Exhibition, which will take place from 4 to 7 November, said the Macau Trade and Investment Promotion Institute (IPIM).

Angola has a new diamond cutting company

5 November 2019
KGK Angola, a diamond-cutting company with a capacity to process 100,000 gross carats of diamonds per year, was inaugurated on Monday in Luanda, bringing the number of these units in the country to a total of four, the Angolan media reported.

Diamonds provide Angola with revenues of US$294 million in the third quarter of 2019

5 November 2019
Diamond sales provided Angola with revenues of US$294.85 million in the third quarter of 2019, an increase of 11.7% or US$30.7 million compared to the same period of 2018, according to figures released on Monday in Luanda.

Blue partnership between China and Portuguese-speaking countries debated in Beijing

1 November 2019
A blue partnership between China and the Portuguese-speaking countries was under discussion on Thursday at the University of Economics and International Business (UIBE) in Beijing, in a meeting that brought together about 200 people, including experts, academics, diplomats and businesspeople.

Tullow Oil plans to re-invest in Angola

1 November 2019
Oil company Tullow Oil intends to re-invest in Angola, particularly in deep water and oil blocks in the Namibe basin, the National Oil, Gas and Biofuels Agency (ANPG) said on Thursday in Luanda.

Angola promotes its products and services at the Shanghai Fair

31 October 2019
Angola will take part in the 2nd China International Import Fair, which will take place from 5 to 10 November in Shanghai, with a delegation headed by the Minister of Trade, Joffre Van-Dúnem Júnior, which includes more than 60 businesspeople, the coordinator of the Angola-China Chamber of Commerce said in Luanda.

Angola’s 2020 budget outlines an increase in expenditure of 4.5 trillion kwanzas

31 October 2019
The draft 2020 State Budget Law, delivered to the National Assembly by the Government of Angola, includes expenditure of 15.87 trillion kwanzas, an increase of 4.5 trillion compared to the revised State Budget for 2019.

Trade between China and Portuguese-speaking countries exceeds US$96 billion from January to August

30 October 2019
The value of trade between China and the Portuguese-speaking countries grew by 2.31% year-on-year to US$96.984 billion between January and August 2019, according to official Chinese figures released by Forum Macau.

Angolan parliament approves draft anti-money laundering and prevention law

30 October 2019
The draft Law on Preventing and Combating Money Laundering, Financing Terrorism and the Proliferation of Weapons of Mass Destruction on Tuesday was unanimously approved in general by the Angolan parliament.

Angola’s net international reserves fall to US$10.1 billion

30 October 2019
Angola's net international reserves fell by US$717 million in September to US$10.1 billion, the lowest figure in the National Bank of Angola statistics series, according to the weekly market comment from Banco de Fomento Angola.

Angolan oil exports down by 5.3 million barrels of oil in Q3

30 October 2019
Angola exported 116.4 million barrels of oil during the third quarter of 2019, down by 5.3 million barrels from the second quarter, at an average price of US$62.8 a barrel, according to a report presented on Tuesday in Luanda.

New consortium set up in Angola to explore natural gas

29 October 2019
The National Oil, Gas and Biofuels Agency (ANPG) has partnered with five oil groups to set up a consortium to explore, develop and produce liquefied natural gas on a cost-sharing basis, according to official information released on Monday in Luanda.

Angolan agency wants to diversify products for export

29 October 2019
The Angolan Private Investment and Export Promotion Agency (Aipex) wants to make exports of non-oil products more regular as a way of contributing to the diversification of the economy, its chairman, Licínio Vaz Contreiras said on Monday.

Portugal and China are main foreign investors in Angola in 2019

28 October 2019
Portugal led by number and China by value in terms of the investment proposals submitted by foreign companies to the Angolan Private Investment and Export Promotion Agency (Aipex), the investment and fundraising manager said.

Angolan economy to continue to contract in 2019 and 2020

25 October 2019
Angola will only see economic growth again in 2021, when its Gross Domestic Product is expected to rise by 2.4%, according to forecasts from the Economist Intelligence Unit (EIU), in its latest country report.

Cidade da China retail complex is important for Angola

25 October 2019
The Cidade da China (China City) retail complex is important for Angola as it creates many jobs for young people looking for their first job, particularly in Luanda, Trade Minister Joffre Van-Dúnem Júnior said on Thursday.

Equity securities will finance some companies due to be privatised in Angola

25 October 2019
The Angolan government will help state-owned companies raise additional funding before they are restructured for privatisation, said Secretary of State for Finance and the Treasury Osvaldo Vitorino João in Luanda on Thursday.

Angola’s TAAG airline stops flying between Luanda and Rio de Janeiro

25 October 2019
Angolan airline TAAG has decided to stop flying between Luanda and Rio de Janeiro, ending an operation with a history of over 10 years under what it has called route restructuring, the company said in a statement issued on Tuesday in the Angolan capital.

Angola plans to produce 14 million carats of diamonds by 2022

25 October 2019
Angola is expected to be producing 14 million carats of diamonds by 2022 as a result of the start of exploration of the Luaxe mine in Lunda Sul province, the president of Angola's national diamond company, Endiama said on Wednesday in Sochi, Russia.
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