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Angolahub

Angola’s economy shrinks 0.4% in the first quarter of 2019

24 July 2019
Angola's economy contracted by 0.4% in the first quarter of 2019 compared to the same period of 2018, the National Statistics Institute (INE) said on Tuesday in Luanda.

Angola auctions nine oil blocks in Namibe Basin

23 July 2019
The Angolan government will auction nine oil blocks in the waters of the Namibe Basin, the Minister of Mineral Resources and Oil Diamantino Azevedo announced on Monday at the opening session of the ministry's Third Advisory Council under the motto “Restructuring of the mineral and oil resources sector: A commitment to the socio-economic development of the country."

National Bank of Angola promotes the creation of business incubators

23 July 2019
A memorandum of understanding aimed at promoting the creation of business incubators based on the digitization of payment services was signed on Monday in Luanda between the Ministry of Higher Education, Science, Technology and Innovation and the National Bank of Angola (BNA), which is intended to contribute to the emergence of innovative companies in the country.

Angola takes delivery of scientific research ship “Baía Farta”

23 July 2019
The scientific research ship "Baía Farta" on Monday was officially handed over to the Angolan government by Romanian company Damen Shipyards Mangalia, which started building it in 2016, and was witnessed by the Minister of Fisheries and the Sea, Maria Antonieta. Baptista, the Angolan press reported.

Diamond exploration licenses returned to semi-industrial companies and cooperatives in Angola

22 July 2019
The return of licenses to 241 companies and semi-industrial diamond mining cooperatives in seven provinces of Angola will allow the creation of at least 20,000 jobs, the national director of Mineral Resources said on Friday in Dundo.

Angola identifies 27 priority countries for attracting investment

22 July 2019
Angola's Private Investment and Export Promotion Agency (AIPEX) has identified 27 countries as priorities for implementing a strategy to attract investment, director Lello Francisco said on Friday in Luanda.

Tourists taken on luxury train journey between Tanzania and Angola

22 July 2019
A luxury train trip organised by South African tour operator Rovos Rail is expected to arrive in Lobito this week after departing from Dar-es-Salaam, Tanzania, on 14 July, said a head of the Benguela Tourism/Alive Travel.

Meeting of entrepreneurs from China and Portuguese-speaking countries was positive for São Tomé and Príncipe

19 July 2019
The 14th Meeting of Entrepreneurs for Economic and Trade Cooperation between China and Portuguese-speaking Countries was positive, the director of the São Tomé and Príncipe Trade and Investment Promotion Agency (APCI) said on Thursday in São Tomé.

Angolan parliament approves the introduction of VAT on 1 October

19 July 2019
The Angolan parliament approved on Thursday by a majority the Bill amending the Value Added Tax (VAT) Code that determines its introduction as of 1 October, the Angolan press reported.

Angolan oil production contracts by 9.4% in 2018

19 July 2019
Angola's oil output in 2018 fell by almost 56 million barrels or 9.40% to 539.813 million barrels, compared to the figures recorded a year earlier, according to Sonangol's Management Report and Consolidated Accounts for 2018.

Commercial banks operating in Angola have liquidity for transactions on accounts in foreign currency

18 July 2019
Commercial banks operating in Angola have enough foreign currency for the rules allowing transactions of foreign currency accounts, said the governor of the National Bank of Angola.

General Tax Administration designates 10 companies as Authorised Economic Operators

18 July 2019
Ten Angolan companies out of the 30 planned to be designated as an Authorised Economic Operator (OEA) were granted this status in the first half of this year, according to the General Tax Administration.

Re-export of basic basket products in Angola penalised with a rate of 20%

18 July 2019
The products exempted from import duties in Angola in the 2017 Customs Tariff version are penalised with a rate of 20% in case of re-export to other countries, a General Tax Administration (AGT) official said on Wednesday in Luanda.

Fidelidade insurance group negotiates investment reinsurance services in seven countries with China Reinsurance Corp

17 July 2019
Fidelidade has signed an agreement with China Reinsurance Corp to offer reinsurance to Chinese projects and investments abroad, the Portuguese insurer said in a statement released on Monday.

World Bank increases funding to Angola to US$2.52 billion

17 July 2019
The World Bank has increased the value of its project portfolio in Angola to US$2.52 billion with the approval of a new financial package in the amount of US$1.32 billion as part of "Angola Day" according to official information released by the Angolan press.

Government of Angola unifies inspection services for economic activities

17 July 2019
The Angolan government will unify its services for inspection of economic activities by setting up an institution that will bring together technicians from the sector currently spread among several ministries, the minister of Territorial Administration and State Reform announced on Tuesday in Luanda.

Macau’s plays an effective role in the expansion of economic and business relations between China and Portuguese-speaking countries

16 July 2019
The Macau Special Administrative Region (MSAR) has been effective in its role as a platform in the expansion of economic and business relations between China and Portuguese-speaking countries, according to officials of the Macau SAR and China.

Angola and World Bank strengthen cooperation by signing agreements

16 July 2019
Angola and the World Bank signed three agreements on Monday to strengthen cooperation, focused on establishing representative offices of three World Bank institutions, the Ministry of Finance said.

Benguela Railroad, in Angola, intends to build an extension from Lobito to Baía Farta

15 July 2019
The construction of a railway extension between the city of Lobito and the municipality of Baía Farta is a priority project of the Benguela Railway (CFB) in Angola, said the chairman of the Management Company's Board of Directors.

Sonangol to keep 20% of future oil discoveries in Angola

15 July 2019
Angola's national oil company Sonangol will be able to have a 20% stake in future discoveries to protect it after the restructuring process, said the Minister of Mineral Resources and Oil.
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