Banco Espírito Santo expected to lose controlling stake in BES Angola

In 2013, following a capital increase from USD170.5 million to US$670.5 million, BES increased its stake from 51.94 percent to 55.71 percent, Angola’s Portmill kept a 24 percent stake and

MOZAMBIQUE | Tuna company Ematum due to start fishing this year

Mozambican tuna fishing company Empresa Moçambicana de Atum (Ematum) is expected to start fishing before the end of this year following the arrival in Mozambique, due in September, of the

ANGOLA | Public debt totals over USD33b at the end of 2012

The figure was announced by the minister at the presentation of the General State Account for 2012 at the country’s parliament. According to information published on the Finance Ministry’s website state

European Union supports projects over next seven years

The European Union plans to provide funding of around 210 million euros for development projects in Angola over the next seven years, according to information published by the EU delegation

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