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Angolahub

European Union donates 22 million euros to fund programmes in Angola

12 March 2019
Three agreements with a budget of 22 million euros to finance programmes related to higher education, public finances and the dialogue between Angola and the European Union (EU) were signed on Monday in Luanda, according to local press reports.

Angola-Portugal Permanent Ministerial Commission meets in Luanda before June

11 March 2019
The first meeting of the Angola-Portugal Permanent Ministerial Commission will take place in Luanda in the first half of 2019, according to a statement released at the end of an official visit by the President of Portugal.

Fuel subsidy in Angola introduced in the 2019/2020 agricultural campaign

11 March 2019
The introduction of a subsidy on fuels for agriculture and fisheries in Angola should come into effect as of the 2019/2020 agricultural campaign, the Agriculture and Forestry minister said on Thursday in Benguela.

Air link may be set up between the cities of Lisbon, Portugal and Benguela, Angola

11 March 2019
The international certification of Catumbela airport in Angola later this year or in 2020, may make it possible to establish air links between Lisbon and Benguela province, said the Angolan Transport Minister.

Portuguese state supports Angola in privatisation of public companies

8 March 2019
Portuguese state-owned company Parpública will provide technical advice to Angola's State Assets and Investments Management Institute (IGAPE) in the preparation of privatisation packages for public companies under an agreement.

Angola and Portugal sign 11 new cooperation protocols

7 March 2019
Angola and Portugal on Wednesday in Luanda signed 11 new cooperation protocols, during a ceremony attended by President João Lourenço of Angola and President Marcelo Rebelo de Sousa of Portugal.

Portugal awaits EU approval to implement investment agreement with Angola

7 March 2019
The entry into force of the Agreement on the Promotion and Reciprocal Protection of Investments (APPRI) between Portugal and Angola is subject to authorisation from the European Union (EU), Portuguese daily newspaper Público reported quoting a source from the Ministry of Foreign Affairs.

Public and private clients owe US$15.8 million to Angola Telecom

7 March 2019
The debt contracted by public and private companies to Angola Telecom totals 5 billion kwanzas (US$15.8 million), a member of the management committee said on Wednesday in Luanda.

Angola’s oil sector attracts most foreign direct investment in third quarter of 2018

6 March 2019
The United States, France, China, Italy and the United Kingdom were the main foreign investors in the oil sector in Angola in the third quarter of 2018, according to figures released by the National Bank of Angola.

Angola’s Sonangol to keep shareholdings in Galp Energia and BCP

5 March 2019
Angola's national oil company Sonangol will maintain keep its shareholdings in Portugal's Galp Energia group and Portuguese private bank Banco Comercial Português (BCP), the Angolan President said in an interview with Portuguese TV station RTP.

Angola’s Biocom wants protection from international competition

4 March 2019
The board of Angolan bioenergy company Biocom intends to adopt measures to protect the Angolan sugar industry and to "eliminate unfair competition between domestic and imported sugar," said the deputy director general.

Angolan government plans to raise US$80 million by selling seven companies

1 March 2019
The Angolan government expects to make at least US$80 million dollars by privatising the first seven companies of a set of 52 industrial units installed in the Luanda-Bengo Special Economic Zone, according to officials.

Angola’s Edipesca sells just 250 tonnes of fish in 2018

1 March 2019
The fish sold in 2018 by Angolan state-owned company Empresa Distribuidora de Produtos de Pesca (Edipesca) fell to 250 tonnes, compared with an average of 2,500 tonnes in previous years, the company's director-general said.

New airport in Luanda, Angola, to undergo changes

1 March 2019
Construction of Luanda's New International Airport (NAIL) will be subject to engineering and functionality changes, the Angolan transport minister said on Thursday in Luanda.

Analysis of letters of credit in Angola reduces debt by US$2 billion

28 February 2019
Angola's debt related to imports of goods amounted to about US$5 billion by the end of 2017, the governor of the National Bank of Angola (BNA) revealed on Wednesday in Luanda.

Angolan group BMP invests in the automotive sector

28 February 2019
Angolan business group BMP has carried out a pre-launch of Pegado Motors vehicles, which have been assembled in China and will begin to be sold in Angola from the third quarter of this year, the local press reported.

French group Castel produces maize on Angolan farm

27 February 2019
The farm in Angola owned by French group Castel, located in the Capanda Agro-industrial Complex, is expected to harvest 3,200 tonnes of maize between March and July, said company official Sebastian Ducroquet, on the sidelines of a visit by the provincial governor of Malanje, Norberto dos Santos.

Angolan group Sonangol posts turnover of US$17.7 billion in 2018

26 February 2019
The turnover of the Sonangol Group in 2018 reached US$17.7 billion, according to Carlos Saturnino, the chairman of the board of the Angolan state oil company, speaking in Luanda.

Angolan oil company Sonangol invests in solar energy

26 February 2019
A project to produce solar energy, estimated at US$33 million, will begin construction in the province of Namibe in 2020, the chairman of Angolan oil company Sonangol, Carlos Saturnino, announced on Monday in Luanda.

Luanda refinery, in Angola, quadruples production of gasoline

26 February 2019
The Luanda Refinery will increase production to 1,200 tonnes by the end of 2021, quadrupling its current production of 300 tons, Sonaref president Joaquim de Sousa Fernandes said on Monday in Luanda.
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