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Angolahub

Trade between China and Portuguese-speaking countries exceeds US$134 billion from January to November 2018

23 January 2019
The value of trade between China and the eight Portuguese-speaking countries totalled US$134.981 billion in the January-November 2018 period, a year-on-year increase of 25.27%, according to official Chinese figures released by Forum Macau.

Angola’s Banco de Poupança e Crédito will have sufficient capital by June 2020

23 January 2019
Angolan bank Banco de Poupança e Crédito (BPC) will be sufficiently capitalised by June 2020, and will become viable once its restructuring project is concluded, according to a technical report from the International Monetary Fund.

Luso-Angolan bank expands to Spain

22 January 2019
Lisbon-based bank Banco Atlântico Europa will open a branch in Spain this year as it plans to add customers by expanding to other European countries, CEO Diogo Cunha told Bloomberg.

China donates 100 million yuan to Angola’s agricultural sector

21 January 2019
The Angolan agricultural sector could benefit from a grant of 100 million yuan (US$14.7 million) from China for a number of projects, according to a presidential decree.

Roads in poor state of repair affect domestic tourism in Angola

21 January 2019
The reduction of domestic tourism in Angola due to the poor state of repair of inter-provincial roads and the high price of tickets is having a negative effect on the occupancy rate of hotels and similar establishments, the country's Tourism Minister has said.

End of double taxation between Angola and Portugal approved in Lisbon

21 January 2019
The Portuguese Parliament voted in favour of a proposed government resolution approving the agreement to eliminate double taxation with Angola, the Portuguese press reported on Friday.

China helps Angola develop fisheries and sea sector

18 January 2019
Angola and China could sign a memorandum of understanding in the next few days to support and boost activity in the Angolan fisheries and sea sector, said the minister responsible, Maria Antonieta Baptista.

Governor of the National Bank of Angola admits more banks may close

18 January 2019
The governor of the National Bank of Angola has admitted more banking licenses may be revoked in the country, two weeks after the licenses of Banco Mais and Banco Postal were revoked, financial news agency Bloomberg reported.

Angola doubles oil export revenue in 2018

17 January 2019
Revenue from Angola's oil exports doubled in 2018 to 3.33 trillion kwanzas (US$10.681 billion), according to figures from the General Tax Administration released on Wednesday by the Ministry of Finance.

Angola plans to buy aircraft for TAAG airline

17 January 2019
The Angolan transport minister is due to sign contracts to buy aircraft from Boeing and Bombardier to modernise the fleet of Angolan air carrier TAAG, according to a presidential dispatch.

Angola’s agreement with IMF expected to lead to price rises

17 January 2019
(CN) 据《中葡简报》（CLBrief）称，安哥拉与国际货币基金组织（IMF）签署的协议使该国成为外国可信赖的投资目的地，但公司和人民预计货品价格会上涨。

Angola prepares to end double taxation with China, UAE and Portugal

16 January 2019
The Angolan parliament on Tuesday in Luanda approved a set of documents related to agreements to eliminate double taxation and prevent income tax evasion with China, the United Arab Emirates and Portugal.

Angola produces 9.43 million carats of diamonds in 2018

16 January 2019
Diamond production in Angola in 2018 totalled 9.43 million carats, which provided revenue of US$1.2 billion, the president of state-owned Endiama said on Tuesday in Luanda.

Angola’s first diamond auction to be held on 31 January in Luanda

15 January 2019
The first auction of exceptional quality diamonds extracted from the Lulo concession in Angola will be held on 31 January in Luanda, Australia's Lucapa Diamond Company reported on Monday.

Angola’s economy contracts by 1.6% in the third quarter of 2018

15 January 2019
Angola recorded a 1.6% economic contraction in the third quarter of 2018 and ended the year with an inflation rate of 18.6%, the National Statistics Institute (INE) said on Monday in Luanda.

Angolan government orders cuts in public spending included in the 2019 budget

15 January 2019
The Angolan Finance Ministry has ordered a cut of around 30% in the spending laid out in the State Budget for 2019, Angolan financial newspaper Valor Económico reported.

Angola prepares tender for concession of oil blocks

14 January 2019
The Angolan government is in the final stages of preparing the first tender process in about eight years for the concession of blocks for oil exploration, the Minister of Mineral Resources and Oil said in Tokyo.

Monthly income of Angolans limits access to foreign currency for travel

14 January 2019
The allocation of 8,000 euros per trip, set by the National Bank of Angola, depends on the monthly income of each client paid into commercial banks, and should not exceed 25 million kwanzas (70,000 euros) per year, said a director at Banco Yetu.

Customers of Angolan banks Banco Mais and Banco Postal may remove funds by 31 January

14 January 2019
Customers of Angolan banks Banco Mais and Banco Postal, whose licenses were revoked on 2 January, can take out their funds or transfer them to other financial institutions as of 14 January, the National Bank of Angola (BNA) said.

Sale of Angola’s Lactiangol aimed at avoiding bankruptcy

14 January 2019
The sale of Lactiangol to the Webcor group for US$12 million was aimed at safeguarding the investment already made and jobs, as the company was in a situation of insolvency, said the former chairman.
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