Angola anxiously watches vote counting in national election

Angolans are anxiously watching the vote counting in their election race between the ruling MPLA party and the opposition UNITA. With 86% of votes

Dangers of big oil spending cuts are visible in Angola’s slump

The decline of Angola, from being Africa’s top crude producer five years ago to barely pumping more than war-torn Libya today, shows the heavy toll of a slump in oil-industry

Angola among the countries that can benefit most from the internationalization of the renminbi

The currency of China has been attracting African countries, especially after its inclusion among the benchmark currencies of the International Monetary Fund (IMF), with Angola considered one of the countries

Angola introduces new customs tariff in 2017

The Angolan General Tax Administration (AGT) is developing a new customs tariff to come into force in 2017 in collaboration with public and private entities involved in foreign trade, the

Millennium Angola merges with Banco Privado Atlântico

Banco Millennium Angola will merge with Angolan bank Banco Privado Atlântico under a memorandum of understanding signed Thursday, Portugal’s Banco Commercial Português (BCP) said in a statement to the market. In

Angola visited by 4.6 million tourists by 2020

The tourism sector in Angola is expected by 2020 to record about 4.6 million tourists who will provide revenues estimated at USD4.7 billion, said last week the National Director of

Oil production costs in Angola ‘must fall’

The Director of Total E&P Angola, Jean-Michel Lavergne, warned that if oil exploration costs in Angola did not come down significantly, the country runs the risk of no longer having

Africa | Angola ranks eighth with most Chinese investments

Angola is the eight-ranking African country with the most Chinese investments, 189, on a list topped by Nigeria with 404, indicates a compilation by the Brookings Institution in the USA,

Angola | Cabinda Gulf Oil extracts 5 billion barrels this year

John Baltz said that despite the unfavorable situation created by the fall in the price of oil on the international market, the company maintains production efficiency levels. “The company is facing

Angola and China are a priority to diversify Cape Verde’s economic relations

Cape Verde (Cabo Verde) wants to diversify its economic relations, with particular focus on the “South-South” axis and on Angola and China, to reduce dependence on European countries, according to

China and Angola sign mutual currency acceptance agreement

Angola has signed a monetary agreement with China under which national currencies are now accepted in both countries, Angola’s trade minister, Rosa Pacavira said Monday in Luanda. “The kwanza will have

Angolan trader Mike (l) bargains with miss Zhou, a Chinese retailer in a wholesale market in Xiaobei Road, a commercial area in Guangzhou

Next October Portugal plans to reopen a Consulate General in Guangzhou, according to Portuguese daily newspaper Diário de Todos. The newspaper reported the joint order of the Ministry of Foreign Affairs

Angolan diamond sales increase by 35 percent

Sales of Angola’s diamonds have increased year on year by nearly 35 percent in the first half of this year, exceeding USD573 million and 4.2 million carats, according to the

Angola | Germany and Italy showcased at largest trade fair

The 32nd edition of the Luanda International Fair (Filda) started yesterday in Luanda with the participation of 40 countries and territories and 930 national and international exhibitors, occupying a covered

Angola | François Hollande visit results in orders for French companies

The visit by the President of France, François Hollande, to Angola resulted in the signing of letters of intent to order hundreds of millions of euros of shipbuilding and infrastructure

Angola | Chinese company hired to build hydroelectric plant

The government of Angola has hired a consortium made up of the China Gezhouba Group Corporation (CGGC) and Niara Holding to build the new Caculo Cabaça dam, in the Middle

Chinese companies start building refinery in Angola

Construction of the Soyo refinery was awarded to two Chinese companies. The work should be completed in 26 months and will occupy an area of ​​220 hectares in a significant

Gasoline no longer subsidized in Angola

The sale of gasoline in Angola is now based on a free pricing system, putting an end to state subsidies, under the terms of a decree in which the Ministry

Angola has new weekly financial newspaper

The Angolan newspaper, whose newsroom has around 10 journalists led by Aylton Melo, will be on sale in the country’s main cities for a cover price of 500 kwanzas, and

Angola wants greater cooperation from China

China and Angola have maintained good cooperation in many areas but there is still much to be done together, said Monday in Jakarta the Angolan Minister of Foreign Affairs. “China has

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