Angola – Page 5

Public Tender for fourth telecoms operator of Angola has a new deadline

10 December 2019

The deadline for submission of applications to the fourth global telecommunications license in Angola has been further extended to 22 January, according to a statement published on Monday in Luanda in state newspaper Jornal de Angola.

Angola’s Sodiam secures revenue of US$27.85 million with second international diamond auction

10 December 2019

Angolan diamond trading company Sodiam secured revenue of US$27.85 million with the sale of five lots of diamonds in an international public auction on 20 November 2004, the company said in a statement.

Angola aims to produce 1.436 million barrels of oil per day in 2020

6 December 2019

Angola expects to produce 1.436 million barrels of oil per day in 2020, against the current 1.39 million barrels per day, said on Wednesday in Luanda the Minister of Oil and Mineral Resources, Diamantino Azevedo.

Poorly drafted projects delay granting of production credit in Angola

6 December 2019

Poor preparation of projects presented by some companies that contribute to the Credit Support Programme in Angola is slowing down the process of granting bank credit to develop national production and decrease the import of goods and services, the chief executive of Banco Angolano de Investment (BAI) said on Thursday in Luanda.

Angola’s Sonangol revokes contract with United Shine consortium to build Cabinda Refinery

5 December 2019

Angolan state oil and fuel company Sonangol has cancelled its contract with the United Shine consortium for the construction of the Cabinda Refinery due to non-compliance with the agreed actions, the state company said in a statement issued on Wednesday in Luanda.

Bank of China intends to have presence in all Portuguese-speaking countries

5 December 2019

The Bank of China wants to open offices in all Portuguese-speaking countries, the Chairman of the bank's Supervisory Board said on Wednesday in Lisbon, justifying this interest with the fact that it is a global financial institution.

Employment rate in Angola stands at 71% of working population

5 December 2019

Angola's employment rate stands at 71% of the working population, said on Wednesday in Abidjan, Cote d'Ivoire, the Secretary of State for Labour and Social Security, Manuel Jesus Moreira, who recalled that Angola's total population is calculated at 30 million people.

China trains more than 200 students from Angola every year

4 December 2019

China is currently training more than 200 Angolan students every year through scholarships in the fields of engineering, technology and agronomy, among others, said the Chinese embassy's advisory minister and business attaché recently.

Hong Kong group concludes the purchase of 80.1% of Banco de Negócios Internacional (Europa)

3 December 2019

Hong Kong's King Wai (KWG) group has acquired an 80.1% stake in Portuguese bank Banco Internacional de Negócios (Europa), a digital banking platform, the South China Morning Post reported recently.

National Bank of Angola to stop buying currency from oil companies

2 December 2019

The National Bank of Angola from 2 January 2020 will stop purchasing foreign currency from oil companies operating in the country and will pass this duty on to commercial banks, the governor of the central bank said on Friday in Luanda.

Angolan banks have until June 2020 to meet capital requirements

2 December 2019

Banks under review in Angola that require capital increases will have until June 2020 to rectify the situation, the Angolan National Bank (BNA) governor, José de Lima Massano, announced on Friday in Luanda.

Angola´s Sonair stops flying with Boeing 737-700

2 December 2019

Angola's Sonair airline stopped running domestic commercial flights with the Boeing 737-700, which provided the air link between Luanda and the cities of Cabinda, Catumbela (Benguela) and Lubango (Huila), on 30 November, a company source said.

Angola’s Biocom produces 110,000 tonnes of sugar in the 2019 campaign

29 November 2019

Angolan bioenergy company Biocom has produced 110,000 tonnes of sugar in this campaign from May to November, a percentage increase of 50.6% or 37,000 tonnes compared with the previous campaign, said the Deputy Director-General of the company.

Restoration of facilities of Angola’s Edipesca to begin in 2020

29 November 2019

The refurbishment and modernisation of the Luanda facilities of Angolan fishing products distributor Edipesca will start in the first quarter of 2020, the Angolan minister of Fisheries and the Sea, Maria Antonieta Baptista, announced on Wednesday in Luanda.

Angola plans to focus on developing agro-industrial hubs

29 November 2019

The creation of tens of thousands of jobs at the Cacuso Agro-Industrial Hub in Angola's Malanje province could become a reality following total investments of US$863 million, a consultant from Indian group Mahindra said recently in the city.

Angolan Government considers draft amendments to several Codes

28 November 2019

The Angolan Economic Commission of the Council of Ministers on Wednesday in Luanda examined the draft law amending the General Tax Code, a document aimed at ensuring greater efficiency by the Tax Administration, according to a statement issued at the end of the meeting.

Angolan diplomatic representations have trade attachés again

27 November 2019

Some Angolan diplomatic representations will once again have trade attachés, which had been suspended since August for financial reasons, Trade Minister Joffre Van-Dúnem said on Tuesday in Luanda as he addressed members of parliament.

Cabo Verde proposes that official documents be reciprocally recognised in Portuguese-speaking countries

26 November 2019

The Prime Minister of Cabo Verde proposed that documents issued by a Member State of the Community of Portuguese-Speaking Countries (CPLP) no longer need legalisation for presentation in another Member State, as he addressed the opening of the 16th Conference of Ministers of Justice of the Portuguese-Speaking Countries.

Angolan Ministry of Finance publishes arrears report

26 November 2019

The Angolan Ministry of Finance is due in December to start publishing a report on the state's debts to economic agents, the State Secretary for Finance and Treasury Osvaldo João said recently in Luanda.

Russia wants to grant Angola credit for infrastructure projects

26 November 2019

Russia has US$10 billion available to fund infrastructure projects in Angola, the deputy chairman of the Russian Federation's Parliamentary Committee on International Relations said on Monday in Luanda.

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