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Angolahub

Angola’s tax administration updates information on large taxpayers

29 May 2019
The Angolan General Tax Administration has updated the register of 421 large taxpayers who, as of 1 July, will start charging Value Added Tax (VAT or IVA in Portuguese) on their transactions, said the coordinator of the team responsible for the introduction of the new tax.

Angolan air carrier certified to fly until May 2021

29 May 2019
Angolan airline TAAG - Linhas Aéreas de Angola has been certified by the International Air Transport Association (IATA) to fly unconditionally until 22 May 2021, the company said in a statement issued on Tuesday in Luanda.

Angola, São Tomé and Príncipe and Timor-Leste attend infrastructure forum in Macau

28 May 2019
More than 50 government officials from some 40 countries and regions, including Angola, São Tomé and Príncipe and Timor-Leste, are due to participate this year in the 10th International Forum on Infrastructure Investment and Construction, officials said in Macau.

Angola protects marine species by reducing fishing quotas

28 May 2019
Catching fish in the current fishing campaign in Angola is expected to see an estimated reduction of around 30% for a total of 230,000 tonnes, said the national director of Fisheries.

Angolan agency receives 123 private investment projects

28 May 2019
Angola's Private Investment and Export Promotion Agency (Aipex) received 123 private investment projects from August 2018 to May of this year, said Licínio Vaz Contreiras.

Angola organises export pilot programme

28 May 2019
Coffee, salt, honey, tropical fruits, marble and granite are the products chosen by the Angolan Agency for Private Investments and Export Promotion (Aipex) for a pilot export programme, said the president of the institution.

Angolan government hands over airport management to private companies

27 May 2019
The Angolan government has launched an international public tender to hand over the management of some airports in the country to private entities by the end of the year, the transport minister said on Friday in Luanda.

Angola hosts World Tourism Forum in 2020

27 May 2019
Angola will host the World Tourism Forum (WTF) in 2020, the institution's regional director for Africa, Danilo Nhamtomo, said on Sunday in Luanda.

Angola’s National Bank reduces BNA Rate to 15.5%

27 May 2019
The Angolan benchmark interest rate, the BNA rate, was reduced by 25 basis points to 15.5%, the National Bank of Angola said in a statement released on Friday.

Russia’s VTB Bank sells stake in Angola’s VTB-Africa Bank

27 May 2019
Russian bank VTB Bank will sell its 50.10% stake in Angolan bank VTB-Africa to Russian financial company Rostang, the Regulatory Competition Authority (ARC) said in Luanda.

Cabo Verde calls for the creation of development bank of the Community of Portuguese Speaking Countries

27 May 2019
The proposal to create a development bank for the Community of Portuguese Speaking Countries (CPLP) may be discussed by the organisation's member states in July, the Cape Verdean deputy prime minister said on Saturday in Lisbon.

Angola’s economy expected to return to growth in 2021, after two years of contraction

24 May 2019
The Angolan economy will only grow again in 2021, according to forecasts by the Economist Intelligence Unit (EIU), which forecasts a positive rate of 4.2% for that year and falling again in the next two years, at an average of 3.45%.

More than half of Angola’s hotel offer is in Luanda

24 May 2019
The city of Luanda is home to 60% of existing hotel developments and equipment in Angola, with 40% in the remaining 17 provinces, the Tourism and Hotel Minister said on Thursday in Luanda.

Radisson group may invest in hotel construction in Angola

24 May 2019
The international hotel chain Radisson Hotel Group may build five three-star hotels in Angola over the next few years, the development department director for southern sub-Saharan Africa said on Thursday.

Capital has been voluntarily repatriated, governor of the National Bank of Angola says

24 May 2019
The governor of the National Bank of Angola has given assurances that there has been voluntary repatriation of capital during a six-month grace period, without requesting the benefits granted by the law in force, the Angolan press reported.

Angola’s Biocom wants additional measures to protect industry

24 May 2019
Angolan bioenergy company Companhia Bioenergia de Angola (Biocom) wants the country's government to take additional measures to protect domestic industry by introducing a quota and fee system for imported sugar, the company's commercial director said.

Angolan Finance Ministry rejects payment of debts taken on outside the current rules

23 May 2019
The Angolan Finance Ministry will reject debts of public agents that are contracted outside the rules of execution of the State Budget, said on Wednesday in Luanda the Secretary of State for Finance and the Treasury.

World Tourism Forum meets in Luanda, Angola

23 May 2019
The Angolan President will preside over the opening session of the World Tourism Forum (WTF) in Luanda, which will be attended by Angolan Tourism Minister Angela Bragança and the president of that organization, Turkey's Bulut Bagci, according to the official programme.

Angola spends too much foreign currency on imports of food products

23 May 2019
The National Bank of Angola provided US$583 million in the first quarter to import food and US$198.1 million to import goods and services, said director Pedro Castro e Silva on Wednesday in Luanda.

Government of Angola supports the private sector with interest subsidy

23 May 2019
The Angolan government will boost its support for private investment with a credit programme that offers subsidised interest rates, announced President João Lourenço in a message addressed to members of the National Assembly.
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