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Angolahub

Angolan banking sector prefers public debt securities to client loans

21 March 2019
Government debt securities accounted for 34.01% of assets of commercial banks operating in Angola at the end of 2018, almost double the percentage registered in 2013 (18.73%) according to figures from the National Bank of Angola.

Angola’s MPs approve amendments to the Oil Activities Law

20 March 2019
The Angolan parliament on Tuesday approved proposals to amend the laws on Oil Activities and Taxation of Oil Activities, the local press reported.

Angola’s Parliament approves Public-Private Partnerships Law

20 March 2019
The Angolan parliament on Tuesday approved by a majority the draft Law of Public-Private Partnerships, the Angolan press reported.

Public entities owe more than US$100 million to Luanda’s Public Water Company

20 March 2019
Angolan state agencies owe about 36 billion kwanzas (US$113.5 million) to Luanda's public water company EPAL, the company's commercial director said.

Angola’s government reorganises diamond sector

19 March 2019
The diamond sector in Angola will be reorganised in a similar way to the oil sector, with the privatisation of state-owned companies and the creation of a regulatory entity, said the Minister of Mineral Resources and Oil.

Banco Angolano de Investimento plans to increase capital by incorporation of reserves

19 March 2019
The shareholders of Angolan bank Banco Angolano de Investimento (BAI) will consider a proposal to increase the bank's share capital from 14.7 billion to 157.5 billion kwanzas (US$496.5 million) during the general meeting, the Angolan press reported.

Sale of fish in Angola to be reorganised

19 March 2019
The reorganisation of the sale of fish in Angola through auctions or warehouses is being drawn up between the Ministry of Fisheries and the Sea and the Ministry of Trade and fishing sector operators, Minister Maria Antonieta Baptista said on Monday in the city of Benguela.

Bank correspondence between Angola and US to be analysed in Luanda

19 March 2019
The reestablishment of bank correspondence between Angola and the United States will be analysed with the Treasury Department, the US deputy secretary of state announced on Monday.

Angola auctions off 55 oil blocks in 2019

18 March 2019
Angola's National Oil and Gas Agency (ANPG) is expected to auction 55 onshore and offshore oil blocks this year, the minister of Mineral Resources and Oil announced on Friday in Luanda.

Portuguese-speaking countries showcased at Macau market

18 March 2019
A market focused on products from Portuguese-speaking countries and from Macau is due to be held on the Macau peninsula between 29 and 31 March, according to the Macau Trade and Investment Promotion Institute.

Total E&P and Sonangol sign oil block contract in São Tomé and Príncipe

15 March 2019
São Tomé and Príncipe's National Petroleum Agency on Friday is due to sign a production-sharing agreement with the consortium made up of France's Total E&P and Angola's Sonangol, according to a statement released on Thursday in São Tomé.

Angola’s oil production increases by 22,000 barrels a day in February

15 March 2019
Angola's oil output rose by 22 million barrels per day (bpd) in February to 1.457 million bpd, according to the Organization of Petroleum Exporting Countries.

Banco Nacional de Angola evaluates asset quality of 12 commercial banks

15 March 2019
Next April the National Bank of Angola will start a process of evaluation of the asset quality of the country's 12 largest commercial banks, as part of moves to stabilise the Angolan financial system, Deputy Governor Manuel Tiago Dias announced on Thursday in Luanda.

Angolan insurer ENSA to be privatised

15 March 2019
The Angolan government intends to privatize state insurer ENSA - Seguros de Angola, with at least one interested party, South African financial group Sanlam, Angolan newspaper Mercado reported.

Angola and Mozambique stand out in 2018 by number of construction projects

14 March 2019
Angola and Mozambique were the second and third countries in Southern Africa in 2018 with the highest number of construction projects worth US$50 million or more, according to consulting firm Deloitte.

ENI group discovers more oil in Angola

14 March 2019
Italian group ENI has made another deep-water oil discovery in Angola with estimated reserves of between 450 million and 650 million barrels, the group said in a statement released in Milan.

World Bank grants US$1 billion loan to Angola

14 March 2019
The World Bank will grant Angola a US$1 billion loan for direct support to the State Budget, along with social protection and water supply projects, said the World Bank's vice president for Africa.

Financial difficulties lead the Angolan government to accept private investment in TAAG

14 March 2019
The Angolan government has allowed private investors to take a stake in flagship airline TAAG due to the carrier's current financial difficulties, said the company's CEO, Rui Carreira.

World Tourism Forum supports Angola to develop the sector

13 March 2019
Attracting investment and the promotion of tourism in Angola was the subject of a protocol of cooperation signed on Tuesday in Luanda by the Ministry of Tourism and the World Tourism Forum, the Angolan press reported.

Products made in southern African countries are duty-free in the region

13 March 2019
Goods that are certified and fully produced in member countries of the Southern African Development Community (SADC) will be exempt from customs duties, an official said on Tuesday in Luanda.
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