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Angolahub

Angola exports 121.9 million barrels of oil in the second quarter of 2019

31 July 2019
The export of 121.9 million barrels of crude oil in the second quarter of 2019 provided companies operating in the sector in Angola with revenues of US$8.5 billion, according to official figures released on Tuesday in Luanda.

UAE plans to invest US$2 billion in Angola

31 July 2019
The United Arab Emirates plans to invest about US$2 billion in the construction of a tractor assembly line, gas and electricity production and agriculture, the Sheikh of Dubai said in Luanda on Tuesday.

Angolan president calls for increased private investment

31 July 2019
The Angolan President on Tuesday in Luanda called for investment in the economy to increase in order to improve the supply of jobs, especially in the private sector, as he addressed the opening session of the Business Forum.

Trade between China and Portuguese-speaking countries increases 3.8% from January to May

30 July 2019
The value of trade between China and Portuguese-speaking countries grew 3.8% year-on-year to US$58.836 billion between January and May 2019, according to official Chinese figures released by Forum Macau.

Angola approves tax relief for marginal oil deposits

30 July 2019
The approval of the statement of marginal discovery of the Pala, Ástrea and Juno deposits in Angola's Block 31, through the publication of Executive Decree 157/19 in the Diário da República national bulletin, opens up new investment opportunities, according to the National Oil and Gas Agency-

Rovos Rail owner interested in investing in Angola

30 July 2019
The owner of South African tour operator Rovos Rail said on Monday in the city of Huambo, in Angola's central highlands, that he is interested in investing in the country given its potential in several areas, the Angolan media reported.

Angola plans to receive more investors from China, says ambassador

29 July 2019
Angola expects to receive more investors from China with more projects, Angola's ambassador to China, João Salvador dos Santos Neto said in an interview with China Daily.

Angola’s Biocom produces 50,000 tonnes of sugar in three months

29 July 2019
Angolan bioenergy company Biocom produced 50,000 tonnes of sugar in the three months from May to July this year, said Ricardo Guerra, the company's director of agro-industrial operations.

Drop in inflation leads Angola’s central bank to keep interest rates unchanged

29 July 2019
The Monetary Policy Commission of the National Bank of Angola (BNA) decided to keep the country's main market benchmark rates unchanged during its meeting last Friday, the central bank said in a statement.

Angola expected to have average electricity coverage of 50% by 2022

29 July 2019
Angola will have an average electricity coverage rate of 50% by 2022, with each province exceeding 25%, Energy and Water Minister João Baptista Borges said on Friday in Luanda.

Angolan oil production expected to continue to decline in 2019/2020, EIU says

26 July 2019
Angola's oil production is expected to continue to decline in 2019/2020, remaining well below the quota agreed with the Organization of Petroleum Exporting Countries (OPEC) of 1.481 million barrels per day, predicted the Economist Intelligence Unit.

Italy’s ENI group discovers more oil in Angola

26 July 2019
The drilling of Agogo 2, the first test well of the Agogo field, in Block 15/06, in the Angolan sea, led to the conclusion that the field contains 650 million barrels of oil, Italian group ENI said on Thursday in Milan.

Public sector companies and Angola should only take on debt in the domestic market

26 July 2019
Debt-taking by public sector companies should favour the domestic financial market in domestic currency, according to an executive decree signed by the Angolan finance minister, the ministry said in a statement.

China pledges to increase support to Angola

25 July 2019
China's Foreign Minister Wang Yi has pledged to further strengthen strategic ties between China and Angola, according to the Xinhua news agency.

China and Portugal top foreign investors in Angola

25 July 2019
China with 15 projects valued at US$175 million and Portugal with 12 projects valued at US$5.8 million were the main investors in Angola over the last 12 months, according to Licínio Vaz Contreiras, chairman of the Angolan Export Investment and Promotion Agency (Aipex).

Angola launches public tender for diamond, iron and phosphate concessions

25 July 2019
The Angolan Government will hold a public tender this year for five concessions in the diamond, iron and phosphate areas, the minister of mineral resources and oil announced in Moçamedes, the capital of Namibe province.

Angola plans to reforest areas of Benguela, Huambo and Huíla for timber exploration

25 July 2019
The Angolan Ministry of Agriculture and Forests has announced that starting this year it will reforest 200,000 hectares with eucalyptus and pine, for timber exploration and production of raw materials in Benguela, Huambo and Huíla provinces.

World Bank grants Angola US$820 million to support population

25 July 2019
The World Bank will provide Angola with US$820 million for Development Policy Operations (DPO) and to strengthening the National Social Protection System, Angolan news agency Angop reported.

Angola Sovereign Fund barred from granting loans or providing guarantees

24 July 2019
The Angolan Sovereign Fund is prevented from directly or indirectly granting loans or providing guarantees in connection with the placement of assets under the investment policy for the 2019/2023 term, approved by Presidential Decree, the Angop news agency reported.

Angolan capital to build “Ministries District”

24 July 2019
Procurement procedures for construction work on the Administrative Political Centre or “Ministries District” to be built at Praia do Bispo, in Luanda, will be announced shortly, said the Minister of State for Economic Coordination, Manuel Nunes Junior.
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