Angola – Page 3

A subsidiary of Chinese group Sinotrans Changhang invests US$30 million in Angola

30 December 2019

Sinotrans Angola has invested over US$30 million in Angola over the last 11 years, the assistant director-general of the subsidiary of Sinotrans Changhang said in Lobito, Benguela province on Friday.

Comanganês company proposes to invest US$17 million in iron ore mining in Angola

30 December 2019

Angolan company Comanganês, the only one to make a proposal for iron ore exploration in an international public tender for mining rights, plans to invest US$17 million in the Cassala Kitungo mine, in Kwanza Norte province, said the company’s managing director.

Angola opens embassy in Timor-Leste

30 December 2019

Angola will have an embassy in Timor-Leste, a move that is intended to boost Angola's relations with other members of the Community of Portuguese-speaking Countries (CPLC), said Angola’s Minister for Foreign Relations.

Angola’s public debt to fall to 69.4% of GDP in 2024 – IMF

27 December 2019

Angola's total public is expected to fall to 69.4% of GDP in 2024, compared with a forecast of 110.9% of GDP in 2019, according to a table included in a detailed report by the International Monetary Fund (IMF) recently published in Washington.

New customs tariffs come into force on 29 December in Angola

27 December 2019

Angola's revised Customs Tariff, which is due to enter into force on 29 December, eliminates the current export tax on crude ores, set at 5.0% until now, the General Taxation Administration (AGT) said in a statement released on Thursday in Luanda.

Port of Luanda handles less cargo in the 3rd quarter of 2019

27 December 2019

The port of Luanda processed 1.64 million tonnes of cargo in the third quarter of 2019, a real drop of 318,250 tonnes or 16.2% compared with the same period of 2018, according to the Statistical Bulletin of state company Porto de Luanda.

Total and Sonangol sell fuels and lubricants in partnership in Angola

26 December 2019

Angolan state oil and fuel company Sonangol and the Total group have started marketing activities for oil products following the approval of the deal by the Regulatory Competition Authority (ARC), according to a statement from the French group.

Establishment of Forum Macau has allowed for exponential growth of trade between the member countries

26 December 2019

The value of trade between China and the Portuguese-speaking countries has increased 12-fold since the creation of the Forum for Economic and trade cooperation between China and the Portuguese-speaking Countries (Macau), in 2003, said the secretary-general of the Permanent Office, Xu Yingzhen, in statements to the Tribuna de Macau newspaper.

Trade between China and Portuguese-speaking countries exceeds US$108 billion in the first nine months

20 December 2019

The value of trade between China and the Portuguese-speaking countries remained practically unchanged year-on-year from January to September 2019, rising by 0.05% to US$108.984 billion, according to official Chinese figures released by Forum Macau.

Angolan Finance Minister seeks to attract private companies from China

20 December 2019

Angola's Finance Minister, Vera Daves, has invited private companies from China to join the "new era of the Angolan economy" to help the country to explore its potential in agriculture, fishing, mining resources and tourism, in an interview with the China Daily newspaper.

Angola introduces bar codes for national production in 2020

19 December 2019

A bar code system to identify domestic products will be introduced in Angola in the first quarter of 2020, said on Wednesday in Luanda the Secretary of State for the economy, Sérgio Santos.

Angolan government puts exploration of the multipurpose terminal in the Port of Luanda out to tender

19 December 2019

Companies interested in exploring the multipurpose terminal in the Port of Luanda have until 30 March 2020 to submit a proposal to the international public tender launched by the Angolan government on 16 December, according to an official statement.

Huambo province, in Angola, attracts the interest of authorities of the city of Taizhou, China

18 December 2019

Angola's Huambo Province is a good place to invest due to its geo-strategic position and its agro-livestock and tourism potential the chairman of the Political Advisory Committee of the city of Taizhou, in China's Zhejiang province said on Tuesday in Huambo.

Angola has 14 million mobile telephony users

18 December 2019

Angola currently has over 14 million users of mobile telephony and approximately 7 million subscribers of the Internet access service, said on Tuesday in Luanda, the president of the Angolan Communications Institute.

Portuguese construction group Mota-Engil awarded 115 million-euro contract in Angola

18 December 2019

Mota-Engil Engenharia e Construção África has been awarded a tender in Angola with a proposal for €115 million for a period of 30 months for three projects, the Mota-Engil Group said in a statement issued by the Portuguese Securities Market Commission.

Angolan government recovers US$5 billion in assets

17 December 2019

The government of Angola has recovered, since the beginning of 2019, more than US$5 billion in assets, domiciled in Angola and abroad as a result of crimes of corruption, the Angolan Minister of Justice and Human Rights said on Monday in Abu Dhabi, United Arab Emirates.

Angola expected to refine 300 million barrels of oil per day in 2025

17 December 2019

Angola is expected to refine 300,000 barrels of crude oil per day within five years through a gradual process until 2025 intended to reduce current imports of liquid fuels and the consequent expenditure in foreign currency, said the chairman of Angolan oil company Sonangol.

Total Group invests in Angola to increase oil production

17 December 2019

The Total oil group plans to invest US$2.5 billion in block 17 of the Angolan sea by 2023, which will allow the Angolan subsidiary to add more than 100,000 barrels of oil to its daily production, said on Wednesday in Luanda the French group's chief executive.

Angola’s Fonecom assembles Chinese Xiaomi phones in Angola

16 December 2019

Angolan company Fonecom has joined forces with China's Xiaomi to launch, in 2020, the assembly of phones in Angola, announced businessman Horácio Moniz, speaking at the inauguration of the first official Xiaomi store for smartphones and other electronic products.

Brazil’s Embraer launches a new jet aeroplane

13 December 2019

The E175-E2 jet aeroplane of Brazilian aeronautical company Embraer, the third of the E-Jets E2 family, on Thursday, had its inaugural flight, taking off from the company's headquarters in São José dos Campos, in the state of São Paulo, according to an official announcement.

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