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Angolahub

Angola plans to receive more investors from China, says ambassador

29 July 2019
Angola expects to receive more investors from China with more projects, Angola's ambassador to China, João Salvador dos Santos Neto said in an interview with China Daily.

Angola’s Biocom produces 50,000 tonnes of sugar in three months

29 July 2019
Angolan bioenergy company Biocom produced 50,000 tonnes of sugar in the three months from May to July this year, said Ricardo Guerra, the company's director of agro-industrial operations.

Drop in inflation leads Angola’s central bank to keep interest rates unchanged

29 July 2019
The Monetary Policy Commission of the National Bank of Angola (BNA) decided to keep the country's main market benchmark rates unchanged during its meeting last Friday, the central bank said in a statement.

Angola expected to have average electricity coverage of 50% by 2022

29 July 2019
Angola will have an average electricity coverage rate of 50% by 2022, with each province exceeding 25%, Energy and Water Minister João Baptista Borges said on Friday in Luanda.

Angolan oil production expected to continue to decline in 2019/2020, EIU says

26 July 2019
Angola's oil production is expected to continue to decline in 2019/2020, remaining well below the quota agreed with the Organization of Petroleum Exporting Countries (OPEC) of 1.481 million barrels per day, predicted the Economist Intelligence Unit.

Italy’s ENI group discovers more oil in Angola

26 July 2019
The drilling of Agogo 2, the first test well of the Agogo field, in Block 15/06, in the Angolan sea, led to the conclusion that the field contains 650 million barrels of oil, Italian group ENI said on Thursday in Milan.

Public sector companies and Angola should only take on debt in the domestic market

26 July 2019
Debt-taking by public sector companies should favour the domestic financial market in domestic currency, according to an executive decree signed by the Angolan finance minister, the ministry said in a statement.

China pledges to increase support to Angola

25 July 2019
China's Foreign Minister Wang Yi has pledged to further strengthen strategic ties between China and Angola, according to the Xinhua news agency.

China and Portugal top foreign investors in Angola

25 July 2019
China with 15 projects valued at US$175 million and Portugal with 12 projects valued at US$5.8 million were the main investors in Angola over the last 12 months, according to Licínio Vaz Contreiras, chairman of the Angolan Export Investment and Promotion Agency (Aipex).

Angola launches public tender for diamond, iron and phosphate concessions

25 July 2019
The Angolan Government will hold a public tender this year for five concessions in the diamond, iron and phosphate areas, the minister of mineral resources and oil announced in Moçamedes, the capital of Namibe province.

Angola plans to reforest areas of Benguela, Huambo and Huíla for timber exploration

25 July 2019
The Angolan Ministry of Agriculture and Forests has announced that starting this year it will reforest 200,000 hectares with eucalyptus and pine, for timber exploration and production of raw materials in Benguela, Huambo and Huíla provinces.

World Bank grants Angola US$820 million to support population

25 July 2019
The World Bank will provide Angola with US$820 million for Development Policy Operations (DPO) and to strengthening the National Social Protection System, Angolan news agency Angop reported.

Angola Sovereign Fund barred from granting loans or providing guarantees

24 July 2019
The Angolan Sovereign Fund is prevented from directly or indirectly granting loans or providing guarantees in connection with the placement of assets under the investment policy for the 2019/2023 term, approved by Presidential Decree, the Angop news agency reported.

Angolan capital to build “Ministries District”

24 July 2019
Procurement procedures for construction work on the Administrative Political Centre or “Ministries District” to be built at Praia do Bispo, in Luanda, will be announced shortly, said the Minister of State for Economic Coordination, Manuel Nunes Junior.

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.
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