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Angolahub

Angola is the largest consumer of used clothes from Europe and the United States

11 March 2020
Angola is the world's largest importer of used clothing (bales) from Europe and the United States because of a lack of textile production in the country, said on Tuesday, in the municipality of Viana, Luanda, the director-general of the Industrial Development Institute, Adérito Van-Dúnem.

Textile factories to be privatised in Angola go out to public consultation

11 March 2020
The privatisation of three textile factories built with public funds in the provinces of Luanda and Benguela, Kwanza Norte and Benguela will come up for public consultation on 18 March, as an initiative of the Institute of Management of State Assets and Stakeholdings.

Angola spends US$30 million per month on palm oil imports

11 March 2020
Angola spends US$30 per month importing 10,000 tonnes of palm oil, said on Monday in Ndalatando, Kwanza Norte province, the secretary of state for the economy, Mário Caetano João.

Angola will need US$2 billion to capitalise two public banks

10 March 2020
(CN) 安哥拉财政及库务国务秘书Osvaldo João周一宣布，该国“储蓄信贷银行”（BPC）及“经济银行”的资本化进程，以及购入安哥拉主要电信运营商Unitel的25％股份，将耗费国库30亿美元。

Australian company issues shares to invest in diamond project in Angola

10 March 2020
The Lucapa Diamond Company has issued new shares with the aim of securing funds to invest in the expansion of its diamond mining project in Angola, according to statements published by the Australian Stock Exchange.

AfDB finances expansion programme in the energy sector in Angola

10 March 2020
The first phase of the Programme of Expansion and Efficiency of the Energy Sector (ESEEP-1), to be implemented in the region of Central/Southern Angola, will benefit from financing of US$500 million from the African Development Bank (AfDB), said on Wednesday in Luanda, the representative of the institution.

Fitch Ratings lowers risk rating for Angola to “B-“

10 March 2020
Fitch Ratings has lowered its risk rating on Angola to "B-", reflecting the impact of lower oil production and prices and the consequent devaluation of the national currency, the kwanza, according to a statement issued recently.

Macau imposes restrictions on the entry of residents from Germany, Spain, France and Japan

9 March 2020
Macau will impose a quarantine of 14 days, from Tuesday, for anyone who, "has been in Germany, Spain, France or Japan in the 14 days prior to entry," in the territory, the government announced.

Government of Angola plans to remove fuel subsidies

9 March 2020
The government of Angola will bring an end to subsidies on fuel prices, said on Wednesday in Luanda, the minister of Finance, adding that this had not yet happened because the aim was to ensure that the impact of the decision "was as small as possible."

Angola spends US$26 million per month on importing rice

9 March 2020
Angola spends US$26 million per month in foreign currencies with the import of 15,000 tonnes of rice from several countries, said on Saturday, in Camacupa, the Secretary of State for the Economy, Mário Caetano Júnior.

Angola removes African countries from the list of entry bans in the country due to COVID-19

6 March 2020
The Angolan government withdrew three African countries from its list of nations covered by the prohibition on citizens entering Angola due to the COVID-19 epidemic, the Secretary of State for Public Health announced on Thursday in Luanda.

Angolan and London stock exchanges will prepare companies to privatize

6 March 2020
The Angolan stock and debt exchange (Bodiva) plans to promote, in partnership with the London Stock Exchange, a programme to prepare companies for the stock market, especially the 17 companies that are ready to be privatised via the stock exchange, the Angolan Minister of Finance said on Thursday in Luanda.

Too soon to consider revising State Budget, says Angola’s Finance Minister

6 March 2020
Angola's Finance Minister, Vera Daves, said on Thursday in Luanda it was still "too soon to consider any scenario to revise the State Budget for 2020,” despite the volatility of the price of oil extracted in the country on the international markets.

São Tome and Principe follows Angola’s lead and bars citizens from China and other countries affected by COVID-19 from entering the country

5 March 2020
The Council of Ministers of São Tomé and Príncipe has decided to prohibit the entry into the country of citizens from China, South Korea, Italy, Iran, Nigeria, Algeria and Senegal as a way of preventing the spread of the new coronavirus (Covid-19), according to an official announcement made on Wednesday in São Tomé.

Angola wants to hire three independent diamond valuers

4 March 2020
The Angolan Ministry of Mineral Resources and Oil launched a limited public tender to hire three independent valuers for the 9.2 million carats of diamonds produced annually in the country, at a ceremony held in Luanda.

Construction of dam on the border between Namibia and Angola begins in 2021

4 March 2020
The construction of the bi-national Baynes hydroelectric dam on the Cunene River between Angola and Namibia, will begin in 2021, and bilateral agreements have already been concluded, the Minister for Energy and Water said in the city of Moçâmedes on Tuesday.

National Bank of Angola to sell US$800 million in March/April

4 March 2020
The National Bank of Angola expects to place foreign currency up for auction in the accumulated equivalent value of US$800 million in the months of March and April, the central bank said in a statement issued in Luanda.

Africell Holding expected to be the fourth telecommunications operator in Angola

3 March 2020
Africell Holding has passed to the next stage of the tender for eh fourth telecommunications operator in Angola and in the next few days is expected to submit its technical and financial bid, said on Wednesday in Luanda the Interministerial Working Group.

Angola bars citizens from China and other countries affected by COVID-19 from entering the country

3 March 2020
Citizens of China, South Korea, Iran, Italy, Nigeria, Egypt and Algeria are barred from entering into Angola as of 3 March, while the COVID_19 epidemic remains active, according to a decree of the Ministry of Health published on Monday.

Payment of arrears in Angola will take place by the end of March

3 March 2020
The payment of arrears accumulated until the end of 2017 and registered in the Integrated State Financial Management System (SIGTFE), totalling 179 billion kwanzas (US$359.7 million), will occur by the end of March, said the Ministry of Finance in Angola.
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