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Angolahub

Use of Angola’s raw materials reduces pressure on foreign exchange, says minister of Finance

11 June 2019
The use of domestic raw materials reduces pressure on the balance of payments and helps the country accumulate foreign exchange, said the Finance Minister in Luanda on the final day of the 1st edition of the Angola Furniture and Wood Industries Fair (FIMMA).

Government of Angola prepares the first national risk assessment report

11 June 2019
The Angolan government is preparing its first National Assessment Report on Risk, Money Laundering and Financing of Terrorism, the Ministry of Finance said in a recently released statement.

Evaluation of the banking sector is expected to bring little news, says the governor of Angolan central bank

10 June 2019
The current assessment process of 12 banks in the Angolan financial system is expected to bring little news, said the governor of the National Bank of Angola recently, who mentioned the possibility of a few banks having to increase their capital.

Angola signs agreement with US company to develop natural gas projects

10 June 2019
US company New Fortress Energy LLC plans to finance, build and operate a liquefied natural gas import and gasification terminal in Angola under an agreement signed with three ministries, according to a statement released in New York.

Angolan mining company loses diamond exploration licence due to debts

10 June 2019
A licence to operate a diamond mine in Angola has returned to the state because the company to which it had been granted, Sociedade Mineira de Camachia Camagico, had accumulated debts in excess of US$530 million, reported the Angolan press.

China’s ambassador pledges to continue cooperation with Angola

6 June 2019
The Chinese ambassador to Angola, Gong Tao, on Wednesday expressed his country's willingness to continue to cooperate with Angola in the economic area, according to local press reports.

Oil exploration in Angola should have more local content

6 June 2019
Angola's Minister of Mineral Resources and Oil said on Wednesday in Luanda he expected the financial system to support oil companies to get more local content in the sector.

Sonangol and ENI produce renewable energy in Angola

6 June 2019
Angola's national oil company Sonangol and Italian group ENI have set up a renewable energy production company, which will start operating in early 2020, the deputy director general of ENI Angola announced on Wednesday in Luanda.

Oil companies operating in Angola will sell currencies directly to commercial banks

6 June 2019
Oil companies operating in Angola will sell foreign exchange directly to commercial banks under a proposal that is being prepared, the governor of the National Bank of Angola (BNA) said on Wednesday in Luanda.

Block 15 of Angola is the focus of agreements with Esso Angola and ENI grou

6 June 2019
An agreement related to Block 15 in the Angolan sea was signed on Wednesday between the National Agency for Oil, Gas and Biofuels (ANPG) and Esso Angola, of US group ExxonMobil, according to an announcement.

Angola’s President wants oil exploration to be more Angolan

5 June 2019
The Angolan President called on the national oil companies to recruit Angolan staff and train workers to ensure the "Angolanisation" of oil production, in a speech delivered on Tuesday in Luanda.

Angola launches public tenders for oil exploration in the Benguela and Namibe basins

5 June 2019
Public tenders for the award of 10 oil concessions in the Benguela and Namibe basins will be launched on 2 October, the president of Angola's National Oil, Gas and Biofuel Agency (ANPG) said on Tuesday in Luanda.

Angola’s Sonangol divests 72 companies

5 June 2019
Seventy-two companies that are part of the business unit of Angola's state oil company Sonangol will be divested under an ongoing restructuring process, the group's chairman announced on Tuesday in Luanda.

Sonangol and United Shine sign agreement for construction of Cabinda Refinery in Angola

5 June 2019
Angolan oil company Sonangol and United Shine on Tuesday signed a partnership agreement for the construction of a refinery in Cabinda province, the state-owned company said in a statement.

ENI Group makes new oil discovery in Angola

4 June 2019
Italian group ENI has made a fifth oil discovery in block 15/06 in Angola's deep waters, following the Kalimba, Afoxé, Agogo and Ndungu wells, the group said in a statement released on Monday in Milan.

Oil and natural gas under discussion in Angola’s capital

4 June 2019
The city of Luanda from Tuesday until Thursday will receive more than 800 delegates to the Angolan Oil and Gas Conference 2019, an initiative of Africa Oil & Power, the Angolan press reported.

Macau can support the financial sector of Portuguese-speaking countries in the Greater Bay

3 June 2019
Macau can use its language, culture and network to support Portuguese-speaking countries to take advantage of the development opportunities of the Greater Bay and the Chinese market, particularly in terms of providing financial services, said the Secretary for Economy and Finance of Macau.

Angola converts diesel-fired thermal power plants to natural gas

3 June 2019
Angola's diesel-fired power stations will be converted to operate with natural gas within three years, under a programme already underway, announced the president of the National Agency for Oil, Gas and Biofuels.

Angola seeks to contain decline in oil production

3 June 2019
Angola's National Oil, Gas and Biofuels Agency (ANPG) has drawn up a strategic plan with short-, medium- and long-term actions to try to contain the decline in oil production, its president said in Luanda.

Loans from China to Portuguese-speaking countries processed in Macau

31 May 2019
A loan worth more than 10 billion yuan (US$1.45 billion) granted by China to a Portuguese-speaking country was processed in Macau in 2018, the Secretary for Economy and Finance said on Thursday.
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