Angola – Page 2

Chinese group and Angolan partner launch fish farming project

29 November 2018

Sino Agro Food, Inc. has signed a memorandum of understanding with Angolan company Nortus Aquacultura e Pesca, Lda for the development of an aquaculture project in the country, the group said in a statement.

World Bank finances Angola’s Agriculture, Livestock and Fisheries Census

29 November 2018

The World Bank will donate US$42 million to Angola to help finance the Agricultural, Livestock and Fisheries Census (RAPP), to be conducted in 2018/2019 by the National Statistics Institute (INE), said the institution's director general.

Angola to have mobile payment system in 2019

29 November 2018

The National Bank of Angola (BNA) intends to introduce payments through mobile telephony, and plans to put forward new legislation in 2019 to that effect, said BNA director Pedro de Castro e Silva in Luanda on Wednesday.

Anglo-Angolan partnership opens factory for distilled spirits in Angola

29 November 2018

Angolan company Refriango and British group Diageo have teamed up to invest US$6.2 million in Angola in a distilled spirits factory, which opened on Wednesday, the local press reported.

Angolan investment agency has received 57 proposals since May 2018

29 November 2018

Angola's private investment and export promotion agency, Aipex has received at least 57 private investment proposals since May last year worth a total of US$502 million, the president of the institution said in Luanda.

Spain’s CaixaBank wants to reduce stake in Banco de Fomento Angola

29 November 2018

Spain'sCaixaBank plans to reduce its 48.1% stake in Banco de Fomento Angola (BFA), the bank's chief executive said on Wednesday in a statement.

Chinese companies in Angola are investing in agriculture

28 November 2018

Disinvestment in civil construction in Angola due to the crisis has meant that Chinese companies present in the country have turned their attention to other sectors, such as agriculture, the vice president of the Angola-China Chamber of Commerce (CAC) said.

Angolan government prepares new public procurement system

28 November 2018

The Angolan government intends to set up a public procurement system to ensure that state funds are used in the best possible way, said on Tuesday in Luanda the Minister of State and Head of the Civil House of the President of the Republic.

Drop in oil price may force a review of Angola’s 2019 State Budget

28 November 2018

Angola's draft State Budget for 2019, already approved generally by the country's parliament, may have to be be reviewed, admitted the chair of the parliamentary committee on Economy and Finance.

Government of Angola sets out new rules for the import of 54 products

27 November 2018

Angola's Ministry for the Economy and Planning on Monday on Monday in Luanda presented a list of 54 products covered by measures to accelerate import substitution, including glass containers, wheat flour, pineapple, sugar, mineral water, beans, eggs, oil, onions and salt.

Angolan Government wants to increase local content in the oil industry

27 November 2018

The Angolan government is due to approve legislation to regulate local content and introduce clear, feasible and non-bureaucratic procedures in the oil industry in order to allow an effective and growing participation by the domestic industry, said on Monday in Luanda the Minister of State and Head of the Civil House of the President of the Republic.

Angola’s President concludes state visit to Portugal with the signing of 13 agreements

26 November 2018

The Angolan president returned to Luanda on Sunday, after a three-day state visit to Portugal in which the two countries signed a set of 13 cooperation agreements, the Portuguese press reported.

Angola’s natural gas reserves estimated at 4 trillion cubic feet

26 November 2018

Angola's proven natural gas reserves are around 4.0 trillion cubic feet (113.267 billion cubic metres), a technical official at Angola’s national oil and gas company Sonangol said on Friday in Luanda.

Sale of foreign currency in Angola has new rules

26 November 2018

Foreign exchange offices and payment service companies that intermediate cash remittances should, whenever they wish to buy foreign currency, put in a request to the banks with which they have commercial relations, the National Bank of Angola has instructed.

China available to invest in development of Angola’s industrial sector

23 November 2018

The government of China is willing to invest in the development of Angola's industrial sector, taking advantage of the country's agricultural and livestock potential, said ambassador Cui Aimin in the city of Huambo on Thursday.

Fuel distribution companies in Angola are now able to import oil products

23 November 2018

Angolan companies operating in the fuel distribution and sales market will soon be able to import oil products, the Secretary of State for Mineral Resources and Oil announced on Thursday in Luanda.

Angola wants help from Portuguese businesspeople to diversify the economy

23 November 2018

The Angolan President, currently on an official visit to Portugal, will travel to Porto, the northern city of the country, where he will take part in a meeting between Angolan and Portuguese businesspeople, according to the official schedule.

Angola’s Sonangol to sell subsidiaries and non-core stakes

21 November 2018

The non-core subsidiaries and non-core stakes of Angolan state oil and gas company Sonangol will be part of the first and second phases of the country's privatisation programme, an official said on Tuesday in Luanda.

Stock market in Angola expected to launch in 2019

21 November 2018

The stock market in Angola is expected to be launched in 2019, boosted by the privatisation programme on the stock exchange, the chairman of the country's Capital Markets Commission (CMC) said on Tuesday in Luanda.

Angola Customs Tariff to be readjusted to protect local production

21 November 2018

The assessment of Angola's domestic production capacity is expected to result in changes to the country's new Customs Tariff, which has been in effect since last August, the finance minister said recently.

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