Angola – Page 3

Angolan government raises US$3 billion from issuing Eurobonds

21 November 2019

The Angolan government on Tuesday issued US$3 billion in Eurobonds, in two tranches with different maturities, on the London financial market, according to an official statement issued on Wednesday in Luanda.

Cape Verdean government sells state position in national fuel company Enacol

21 November 2019

The Cape Verdean government will sell its 2.1% stake in national fuel company Enacol through a public offer through the Cabo Verde Stock Exchange, according to a statement issued in Praia.

Angola and China analyse bilateral cooperation at meeting in Luanda

20 November 2019

Angola and China on Thursday in Luanda are scheduled to sign the Verbal Process, a document that establishes the guidelines for the reinforcement of economic, technical and trade cooperation, during a meeting of the Angola-China Joint Commission for Economic and Trade Cooperation, said the Angolan Ministry of Foreign Affairs.

Angolan government warns cooperatives that diamond exploration licenses may be revoked

20 November 2019

Angola's artisanal and semi-industrial diamond mining cooperatives will lose their exploration licenses if they remain inactive for more than six months, the Secretary of State for Geology and Mines, Jânio Correia Victor warned on Tuesday in Luanda.

Angola plans to issue Eurobonds worth up to US$3 billion

19 November 2019

Angola is expected to issue Eurobonds again in the near future, estimated to be between late 2019 and early 2020, according to weekly information produced by the Bank de Fomento Angola's study department.

Angolan parliament begins debate on state budget for 2020

19 November 2019

The draft bill of the Angolan State Budget (OGE) for 2020 is due on Tuesday to come under general discussion in the Angolan National Assembly. during the 1st ordinary plenary session of the 3rd legislative session of the 4th legislature.

Angolan commercial banks approve 13 projects covered by the Credit Support Programme

19 November 2019

Commercial banks that have subscribed to the Angolan Government's Credit Support Programme have so far approved 13 of the 89 projects submitted, the Angop news agency reported.

Russian group VTB gives up on selling Angolan bank VTB-Africa

18 November 2019

The positive results of Banco VTB-África have led Russian financial group VTB to give up on the sale of its entire 50.10% stake in the Angolan bank, chairman Andrey Kostin announced.

Angola has a new guide to facilitate investment

18 November 2019

An investment guide called “Angola is now” was launched last week in Luanda under a joint initiative of the American Chamber of Commerce in Angola (AmCham-Angola) and the Export Promotion and Investment Agency (Aipex), the Angolan press reported.

Angola and Italian group ENI work together on renewable energy, health and oil and gas research

15 November 2019

The Angolan Government has signed five agreements with Italian oil group ENI, notably in the areas of renewable energy, health and oil and gas research, in a ceremony held on Wednesday in Rome, during the visit by President João Lourenço to the Vatican City.

Angolan banks authorized to sell currency without documentary justification

15 November 2019

Private foreign exchange transactions will be carried out as of January 2020, without the need to present any documentation, as is currently required, the National Bank of Angola (BNA) announced in a notice posted on its website.

Angola’s oil production falls in October to 1.356 million barrels per day

15 November 2019

Oil production in Angola fell by 43,000 barrels per day (bpd) in October to 1.356 million bpd, according to the Organization of Petroleum Exporting Countries (OPEC) oil market report, released on Thursday in Vienna.

Angolan Parliament approves Law to Prevent and Combat Money Laundering

14 November 2019

The draft Law on Preventing and Combatting Money Laundering, Financing Terrorism and the Proliferation of Weapons of Mass Destruction has been approved by the Angolan parliament, the Angolan press reported.

Public tender for mining in Angola extended for one month

14 November 2019

The dates for the submission of proposals for the international public tender to grant mining rights in Angola have been extended by one month, the Ministry of Mineral Resources and Oil said in a statement issued on Wednesday in Luanda.

Sonangol, ENI and Total groups plan to prospect for oil in the Namibe and Benguela basins, in Angola

14 November 2019

Angola's National Oil, Gas and Biofuels Agency (ANPG) has approved proposals presented by the Sonangol, ENI and Total groups for oil exploration in the Namibe and Benguela sea basins, during the session to open public tender proposals held on Wednesday in Luanda.

Angola’s housing market is almost at a standstill

13 November 2019

Angola's housing market has been almost at a standstill, with demand falling by 80% due to the lack of purchasing power of most of the population, as a result of the economic and financial crisis that the country has been facing since 2014, the vice-president of the Association of Real Estate Professionals of Angola.

Chief Executive of Macau presents a review of government activity

13 November 2019

The Chief Executive of Macau said that 2019 marks the end of a ten-year governance phase for himself and his team, on Tuesday when he presented a review of government action for 2019 to the Legislative Assembly.

Civil construction showcased until Saturday in Luanda, Angola

13 November 2019

More than a hundred Angolan and foreign companies will exhibit their products and services at the 16th Edition of Projekta/2019, which opens its doors on Wednesday, in the Luanda/Bengo Special Economic Zone.

Angolan diplomats will continue to focus on attracting foreign investment

13 November 2019

The Angolan Foreign Ministry will seek to keep diplomatic action focused on attracting private foreign investment in order to help the ongoing process of economic diversification, Foreign Minister, Manuel Augusto wrote.

Relations between China and Africa must be “sincere and transparent,” Angolan minister says

12 November 2019

The relationship between China and Africa must be “sincere and transparent,” Angola's Trade Minister Joffre Van-Dúnem Júnior said on Monday in the Chinese city of Jinhua, in Zhejiang province.

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