Angola – Page 4

New model for the sale of diamonds in Angola allows an increase in tax revenue

2 March 2020

The amendment introduced in the model of marketing the sale of diamonds in Angola has allowed tax revenues obtained in the last two years to increase by 41.6%, said Angola’s national diamond sales company, Sodiam.

Trade between China and Portuguese-speaking countries grows by 1.55% in 2019

28 February 2020

The value of trade between China and the Portuguese-speaking countries grew 1.55% year-on-year in 2019 to US$149.639 billion, according to official Chinese figures released by Forum Macau.

Angola’s Sonangol begins the process of selling assets in April

28 February 2020

The privatisation of 11 of the 54 assets held entirely or partly by Angolan national oil company Sonangol, will start next April, the company's chairman said on Thursday in Luanda.

Angola’s Sonangol end 2019 with net debt of US$1.254 billion

28 February 2020

Angolan state oil company Sonangol had a net debt of US$1.254 billion at the end of 2019, a drop of 53% compared with the amount recorded a year before, said on Thursday in Luanda the chairman of the state company.

Angolan Government approves draft law to promote access to credit

28 February 2020

The government of Angola in a cabinet meeting on Thursday approved the draft law on the Legal Regime of Secured Transactions and Registration of Guarantees, according to official information.

Angola’s Council of Ministers considers change to Public Contracts Law

27 February 2020

The Economic Commission of Angola's Council of Ministers considered changes to the Public Contracts Law intended to increase confidence and international good practice, according to a statement issued at the end of the meeting.

MEU Seguro insurance company has its license revoked in Angola

27 February 2020

The operating license of insurance company MEU Seguro has been revoked, said on Wednesday the Angolan National Agency for Insurance Regulation and Supervision (Arseg) in a statement issued in Luanda.

Angolan company invests in the construction of a wheat mill

26 February 2020

Induve - Indústrias Angolanas since last year has invested US$20 million in the construction of a unit for milling wheat, said the company's chief financial officer.

Arena group publishes schedule of Angolan fairs for 2020

24 February 2020

The Luanda/Bengo Special Economic Zone (SEZ) from 2021, will have a new fair venue, with an area of 40,000 square metres, a project budgeted at 13.315 billion kwanzas (US$26.7 million), said the sales director of the Arena Group.

Suspension of three insurers to have no economic impact in Angola

24 February 2020

The suspension of the licenses of Angolan insurance companies AAA Seguros, Mandume Seguros and Glinn Seguros in Angola will have an insignificant economic impact, because they do not have a large portfolio of customers, said a director of the Angolan Insurance Regulation and Supervision Agency (Arseg).

Abundance of rare birds in Angola offers potential for bird watching tourism

21 February 2020

The abundance of rare species of birds in the Tundavala region, in the Angolan municipality of Lubango, is attractive for international bird watchers to visit Angola and promote bird-related tourism in Huila province, said the director of a tourism company.

Angola’s ANPG signs memorandum of understanding to increase oil production

21 February 2020

Angola’s National Oil, Gas and Biofuel Agency (ANPG) and the contractor group of Block 14, in Luanda, signed a memorandum of understanding for the redefinition of the area of development of this block, reported the Angolan press.

Government of Angola announces regulation of e-commerce

21 February 2020

The government of Angola will regulate economic activity that occurs on digital platforms, as a first step toward the creation of the legal framework to govern e-commerce, said on Thursday in Luanda the Secretary of State for Telecommunications and Information Technologies.

Angola restocks cattle on the Camabatela plateau with livestock from Chad

20 February 2020

The government of Angola plans to spend US$100 million on the purchase of cattle for restocking livestock on the Camabatela plateau, a region that covers part of the provinces of Kwanza Norte, Uíge and Malanje, said an official from Veterinary Service Institute (ISV).

Two more insurance companies to stop operating in Angola

20 February 2020

The Angolan National Insurance Regulation Agency (Arseg) has notified insurance companies Mandume Seguros and Glinn Seguros of the expiry of their insurance business licenses, according to a statement issued on Tuesday in Luanda.

Three textile factories in Angola put up for privatisation in April

20 February 2020

The three textile factories in Angola built using public funds in the provinces of Luanda, Kwanza Norte and Benguela will be privatised through an international public tender to be launched in April, said the Angolan secretary of state for industry.

Angola spends US$235 million on clothes in 2019

20 February 2020

Angola spent US$170 million on new imported clothes and US$65 million on used clothing (bales) in 2019, resources that could be saved if the country's textile industry was in operation, said the Angolan secretary of state for industry.

Angolan Chamber of Commerce and Industry to help launch national bar code

19 February 2020

The Angola Chamber of Commerce and Industry (CCIA) will join Global Standard One (GS1) by next March, helping to fulfil one of the conditions required for Angola to implement its own bar code, the president of CCIA said recently.

Operation Transparency makes way for the seizure of thousands of diamonds in Angola

19 February 2020

A total of 6,579 diamonds in the rough, 19 cars and US$275,000 were seized in the province of Lunda Norte, in Angola, as part of Operation Transparency, according to a report from the Provincial Civil Protection Commission.

Angola starts process of migration to digital terrestrial television

19 February 2020

The process of migration from the analogue to the digital television system in Angola will be completed within a period of five to eight years, an official said on Tuesday in Luanda at a ceremony to launch a pilot project.

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