Angola – Page 3

Angola wants help from Portuguese businesspeople to diversify the economy

23 November 2018

The Angolan President, currently on an official visit to Portugal, will travel to Porto, the northern city of the country, where he will take part in a meeting between Angolan and Portuguese businesspeople, according to the official schedule.

Angola’s Sonangol to sell subsidiaries and non-core stakes

21 November 2018

The non-core subsidiaries and non-core stakes of Angolan state oil and gas company Sonangol will be part of the first and second phases of the country's privatisation programme, an official said on Tuesday in Luanda.

Stock market in Angola expected to launch in 2019

21 November 2018

The stock market in Angola is expected to be launched in 2019, boosted by the privatisation programme on the stock exchange, the chairman of the country's Capital Markets Commission (CMC) said on Tuesday in Luanda.

Angola Customs Tariff to be readjusted to protect local production

21 November 2018

The assessment of Angola's domestic production capacity is expected to result in changes to the country's new Customs Tariff, which has been in effect since last August, the finance minister said recently.

2019 expected to be a critical year for Angola

21 November 2018

Next year - 2019 - is expected to be critical for Angola, which may see its economy rebound from three consecutive years of recession, according to Africa Report Angola 2018, which focuses on the first year of power of President João Lourenço.

University experts from Jiangzhou provide agriculture training in Angola

20 November 2018

Forty technicians from the Angolan Agrarian Development Institute (IAD) on Monday started a training course given by experts from the Agricultural and Livestock Faculty of Jiangzhou, in the People's Republic of China, Angolan news agency Angop reported.

Angola favours granting credit to projects using domestic raw materials

20 November 2018

Angola's future investment credit lines will focus on productive sector projects that make use of the country's raw materials, a senior official at the Ministry of Economy and Planning recently said.

Angola Oil & Gas 2019 aims to attract investors to the oil sector

20 November 2018

The Angola Oil & Gas 2019 conference and exhibition, sponsored by the Ministry of Mineral Resources and OIl, aims to promote new investments in the Angolan oil industry, Africa Oil & Power reported on Monday.

Angola wants to increase bilateral cooperation with Portugal

19 November 2018

The Angolan President will seek to increase the level of bilateral cooperation with Portugal during an official visit to the country from 22 to 24 November, he said in an interview with Portuguese weekly Expresso.

Chinese companies in Qingdao evaluate investment opportunities in Angola

19 November 2018

Investments by Chinese business people in Angola are expected to increase in the near future, based on interest already expressed in exploring the country's natural resources, said the deputy director of Municipal Culture and Administration of Qingdao.

Angola liberalises sale of oil derivatives

19 November 2018

The marketing and distribution of hydrocarbon products in Angola has been "completely liberalised," the Ministry of Mineral Resources and Oil announced in a statement released in Luanda.

Angolan state owes US$69.5 billion

19 November 2018

The debt of the Angolan state amounts to US$69.5 billion, the director of the country's Debt Management Unit, Walter Pacheco, said in Luanda quoted by Angolan newspaper Mercado.

Angola’s Sonangol launches business restructuring programme

16 November 2018

Angola's national oil and gas company (Sonangol) by 2021 will have reduced its structure but will be "more agile and financially robust," the group's president said on Thursday in Luanda.

Angola’s Sonangol sells its 25% stake in telecoms company Unitel

16 November 2018

Angola's national oil and gas company, Sonangol, will sell its 25% stake in mobile telecommunications company Unitel, the group's chairman said on Thursday in Luanda.

Angola’s Biocom ends 2018 campaign with production of 73,000 tons of sugar

16 November 2018

Companhia de Bioenergia de Angola (Biocom) ended its 2018 campaign on Thursday with production of 73,000 tons of sugar, an increase of 21% year-on-year, the company's sales director said.

Angola launches public tenders for the management of industrial development centres

15 November 2018

The first public tenders to be the infrastructure of and manage Angola's industrial and rural development centres will be launched by the end of the year, the industry minister said on Wednesday in Luanda.

Angolan oil production grows to 1.533 million barrels per day in October

15 November 2018

Angola's oil output rose by 22,000 barrels per day (bpd) in October to 1.533 million bpd, according to the Organization of Petroleum Exporting Countries.

Cabo Verde wants to achieve full mobility in the Community of Portuguese Speaking Countries

15 November 2018

Cabo Verde (Cape Verde) "will do everything" it can to ensure that the full mobility of citizens within the Community of Portuguese Speaking Countries (CPLP) space is guaranteed "as soon as possible," said the Cape Verdean President.

New Executive Secretary of the CPLP takes office on 15 December

15 November 2018

Portuguese ambassador Francisco Ribeiro Teles takes office on 15 December as the new executive secretary of the Community of Portuguese Speaking Countries (CPLP), said on Wednesday the Cape Verdean Minister of Foreign Affairs and Communities.

Crisis in Angola leads to a drop in cement consumption

15 November 2018

Cement consumption in Angola stood at 26% of production at the end of October, due to the many construction works coming to a standstill and the shortage of foreign currency, said the president of the Angolan Cement Industry Association.

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