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Angolahub

Official and parallel exchange rates expected to converge in the short term in Angola

31 October 2018
The exchange rate on the official and parallel markets are expected to converge in the coming months, which will bring great benefits to the Angolan economy, the Minister of State for Economic and Social Development said on Tuesday.

Angola begins process of revising its Industrial Property Law

31 October 2018
The draft bill of the proposed Industrial Property Law is due to be brought to public consultation as of 22 November, the director general of the Angolan Institute of Industrial Property (IAPI) told daily newspaper Jornal de Angola.

Angola’s currency appreciates marginally against the euro

31 October 2018
The Angolan currency rose slightly again against the euro during the penultimate foreign exchange auction scheduled in October, when the National Bank of Angola provided 40 million euros to commercial banks, according to official information.

Angolan trade with Africa remains very low

30 October 2018
Angola's participation in several regional organisations has yet to result in increased trade with other African countries, the Secretary of State for Trade said on Monday in Luanda.

Portuguese-speaking countries hold talks on tourism in Macau

29 October 2018
More than thirty people on Friday concluded their participation in a colloquium on tourism management, conventions and exhibitions for Portuguese-speaking countries, according to Forum Macau.

Companies from Angola take part in the China International Import Expo

29 October 2018
State-owned and private companies from Angola, as well as official entities, will attend the China International Import Expo (CIIE), said a member of the Angolan Chamber of Commerce and Industry (CCIA).

France plans to support family farming in Angola

29 October 2018
The government of France is expected to provide 200 million euros from 2019 to support several family farming projects in seven provinces of Angola, the French ambassador to Angola said on Saturday in Ndalatando.

Angola plans to start confiscation of assets domiciled abroad in 2019

29 October 2018
The Angolan state may begin in January 2019 to confiscate illegal assets, known as "incongruous assets" abroad, said the Angolan Minister of Justice and Human Rights, Francisco Queiroz.

Angola launches auction for oil prospecting blocks in 2019

29 October 2018
The Angolan government plans to auction new blocks for oil prospecting in 2019, announced the Minister of Mineral Resources and Oil, Diamantino Azevedo.

Angola’s currency records second rise against the euro since January

26 October 2018
Angola's currency recorded the second appreciation of the year against the euro in the currency auction held on Wednesday by the National Bank of Angola, with the European currency returning to below 350 kwanzas, according to official figures.

Angola’s National Accounts to include information on the insurance sector

26 October 2018
The National Accounts of Angola will now include data on the insurance sector under an agreement between the National Statistics Institute (INE) and the Angolan Agency for Insurance Regulation and Supervision (Arseg).

1st phase of the Menongue timber warehouse, Angola, completed in November

26 October 2018
The first phase of the construction of the Menongue Timber Trade Warehouse in Angola's Kwando Kubango province ends in November, said the head of the Angolan subsidiary of the China Building Technique Group Co. (CBTGC).

Angolan public debt reaches US$78.57 billion in 2017

25 October 2018
Angola's domestic and foreign public debt reached US$78.57 billion in 2017, representing 71.04% of the country's gross domestic product (GDP), the National Bank of Angola (BNA) reported.

Angolan iron company Ferrangol ceases to be a concessionaire

25 October 2018
Angolan state iron company Ferrangol will no longer be the concessionaire for the sector and will now focus exclusively on production of ferrous metals, Angola's Minister of Mineral Resources and Oil said.

Port of Namibe, southern Angola, may become a logistics development hub

24 October 2018
(CN) 港口管理公司董事长 António Samuel表示，在2019年完成第二期现代化工程后，纳米贝港可成为安哥拉南部物流发展的枢纽。

Angola’s National Bank warns commercial banks to comply with exchange rules

23 October 2018
The National Bank of Angola (BNA) will penalise commercial banks that do not observe the applicable rules on foreign exchange transactions for prepayments, the central bank said in a statement released on Monday.

Angolan government wants to guarantee oil production of more than 1.4 million barrels per day

23 October 2018
The Angolan government has adopted a set of measures to reverse the declining trend of oil production, the Minister of Mineral Resources and OIl said in the city of Sumbe on Monday.

23rd MIF and 2018 PLPEX conclude with the signing of 75 protocols

22 October 2018
The 23rd Macau International Fair and the Exhibition of Products and Services of Portuguese-speaking Countries 2018 (Macau) ended on 20 October with the signing of 75 protocols, the Macau Trade and Investment Promotion Institute (IPIM) reported.

Angolan economy sees average contraction of 6.05% in the first half of 2018

19 October 2018
Angola's Gross Domestic Product (GDP) registered a 6.05% drop in the first half of 2018, accelerating the contraction in the country's economy, according to the country's National Statistics Institute.

Angolan Public Debt is valued at US$70 billion

19 October 2018
Angola's public debt is currently estimated at US$70 billion, with US$30 billion of external debt, the finance ministry said in a statement posted on its website.
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