Angola – Page 3

VAT is introduced in Angola on 1 October 2019

30 September 2019

Angola will be on the list of countries of the Southern African Development Community (SADC) that charge Value Added Tax (VAT) replacing Consumption Tax, starting in the country with a flat rate of 14%.

Governor of National Bank of Angola expects inflation rate to drop to less than 10% by 2022

27 September 2019

The inflation rate in Angola is expected to fall below 10% by 2022, and interest rates should also continue on a downward trajectory, the governor of the National Bank of Angola told Bloomberg.

World Bank opens office in Angola

27 September 2019

The World Bank will open an office in Angola this year, a measure aimed primarily at supporting the country's private sector, group chairman David Malpass announced in New York on Wednesday during an audience given by President João Lourenço.

President João Lourenço declares Angola open to foreign investment

26 September 2019

Angola is now open to the world and to foreign investment in all areas of its economy, the President of the Republic said, speaking at the 74th session of the United Nations General Assembly, which is taking place in New York, according to the Angop news agency.

Unscheduled stoppages reduce Angola’s oil production

26 September 2019

Unscheduled stoppages in Angola's oil production chain resulted in losses of nearly 3.5% from scheduled annual targets between January and August of this year, according to a statement from the Ministry of Mineral Resources and Oil published in Luanda.

Mbanza Kongo, in Angola, now has a Tourist Guide and Map

26 September 2019

Angolan Minister of Hotels and Tourism, Ângela Bragança, launched the Mbanza Kongo Tourist Guide and Map, at a ceremony held on Monday as part of the celebrations of World Tourism Day, which will be celebrated on Friday, in the city in Zaire province, according to the Angolan press.

Portugal will move ahead with free movement even without unanimity of the Community of Portuguese-speaking Countries

26 September 2019

Portugal plans to move towards bilateral free movement agreements with States in the Community of Portuguese-Speaking Countries (CPLP) if there is no unanimity within the organization, the secretary-general of the Socialist Party (PS) and prime minister of Portugal said on Wednesday in Lisbon.

Forum Macau promotes agricultural cooperation with Portuguese-speaking countries in Jiangsu

25 September 2019

The promotion of agricultural cooperation between Jiangsu Province and the Portuguese-speaking countries was the focus of a study visit to that province by the Permanent Secretariat of Forum Macau, the institution said in a statement.

Cabo Verde’s net international reserves totalled 623 million euros on 30 August

25 September 2019

Cabo Verde's net international reserves amounted to 623 million euros, of which 68% in euros and 32% in dollars, as at 30 August 2019, the Bank of Cabo Verde (BCV) said in a statement issued on Tuesday in Praia.

Spanish company invests in wind power in Angola

25 September 2019

Spanish company V&V Rending proposes to invest US$180 million in Angola in wind power production in the Kiwaba Nzoji municipality of Malanje province, and expects to start in 2020, the company's chairman said at the end of a hearing granted by the deputy provincial governor for the political, economic and social sector, Domingos Eduardo.

Over 100 companies participate in the 1st edition of ExpoHotel Angola

25 September 2019

The 1st edition of ExpoHotel Angola, which will take place from 26 to 29 September, alongside the 1st Congress on Hotels and Tourism, in Luanda, will be attended by over 100 companies, said the organiser, the Angolan Association of Hotels and Resorts.

Angola will only return to economic growth in 2021, Economist Intelligence Unit says

24 September 2019

The Economist Intelligence Unit (EIU) analysts project Angola's economy will return to growth only in 2021, expecting a rate of 2.5% after consecutive years of economic contraction, including in 2019, when the country is expected to see Gross Domestic Product (GDP) fall by 2.2%.

Chevron Group increases oil and natural gas production in Angola

24 September 2019

The Chevron group will increase its exploration of natural gas resources and production in Angola, the oil group's president Mike Wieth announced on Sunday speaking after a meeting with President João Lourenço.

São Tomé and Príncipe pays debt to Angola’s Sonangol over 25 years

24 September 2019

The US$150 million debt of the São Tomé and Príncipe National Fuel and Oil Company (ENCO) to Angola's Sonangol will be paid at a rate of US$500,000 per month, said the Minister for Planning, Finance and the Blue Economy.

Angola’s Sonangol announces the list of assets to be sold

23 September 2019

Angolan state oil and fuel company, Sonangol will sell 50 subsidiary companies and other assets, and has planned technical presentations in Angola and abroad, which will take place at the end of October, executive director Josina Baião announced last Friday in Luanda.

Angola launches an international public tender to build Soyo Refinery on 24 October

23 September 2019

The international public tender for the construction of the Soyo Refinery, in Angola's Zaire province, will be launched on 24 October, the Angolan Ministry of Mineral Resources and Oil announced on Friday in Luanda.

Angolan banks authorised to facilitate credit granted for exporting products

23 September 2019

The Economic Commission of the Angolan Council of Ministers has authorised the banking sector to grant loans for the exportation of coffee, wood, tubers and tropical fruits, the governor of the National Bank of Angola (BNA), José de Lima Massano said on Friday in Luanda.

Angola’s IGAPE expects the second phase of the sale of industrial companies to provide higher revenue

23 September 2019

The second phase of the process of selling industrial units in the Luanda/Bengo Special Economic Zone, which involves 25 companies, is expected to provide a more significant cash inflow than the first phase, which totalled US$16 million, a source from the Institute of State Asset Management and Participation (IGAPE) said.

Angolan investment agency receives 178 proposals in 12 months

23 September 2019

Angola's Private Investment and Export Promotion Agency (Aipex) received 178 investment proposals worth US$1.6 billion in the period from August 2018 to 31 August 2019, the agency said in its August report.

Angola joins business services platform

20 September 2019

Angola has been invited to take part in the Summit on Building the Business Cooperation Services Platform between China and the Community of Portuguese-Speaking Countries (CPLP), the Angolan Chamber of Commerce and Industry (CCIA) said.

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