Tag: Angola
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Angola mines 10 million carats of diamonds in 2014
The 10 million carats of diamonds mined in Angola in 2014 generated revenue of USD1.6 billion, according to provisional figures from the Ministry of Geology and ... -
Angola issues USD20 billion in debt in 2015
Angola plans this year to issue public debt of USD20 billion to private investors and pay interest of up to 7 percent, the director of the ... -
Angola | Credit to the economy remains sound
Lending to the economy has remained “solid” since the beginning of the year, despite budget restrictions, due to the economic diversification program, Angola’s Minister for the ... -
Angola plans to receive 4.6m tourists by 2020
Angola’s Ministry of Hotels and Tourism wants the country to receive over 4.6 million tourists by 2020, in view of the increase in Gross Domestic Product ... -
Angola | Urban renewal process in two Luanda neighborhoods starts
The government of Angola will start a special program for the conversion and urban renewal of the neighbourhoods of Sambizanga and Operário in the center of ... -
Diamond polishing carried out in Angola
The diamonds mined in Angola will now be fully polished in the Angola Diamonds Polishing factory, which was re-opened Monday following a restructuring process that cost ... -
Angola | Ambassador announces investment by Chinese companies
Several Chinese companies will invest this year in Uige in socio-economic sectors and infrastructure, the Chinese ambassador to Angola announced at a hearing granted by the ... -
Angola | Australia’s Lucapa Diamond extracts 266.7 carats of diamonds
Diamond mining in the Lulo alluvium, in the Angolan province of Lunda Norte, began in January with production of 266.7 carats, Australia’s Lucapa Diamond Company said ... -
Oil exports to China are ‘cushion’ for drop in Angola’s revenues
Due to the fall in oil revenues, Angola needs to recalculate its public accounts – and rethink the economic model by enhancing diversification – but has ... -
Angola | Project built by Chinese company opens
Chinese company Sinohydro built a new plant for collection, treatment and distribution of drinking water and the system to expand and improve the medium voltage grid ... -
Angola | Minister inaugurates project built by Chinese company
Chinese company Sinohydro built a new plant for collection, treatment and distribution of drinking water and the system to expand and improve the medium voltage grid ... -
Portugal and Angola study introduction of special visas
The Minister of State and Foreign Affairs of Portugal, Rui Machete, announced Monday in Luanda the intention to move ahead with a system of special visas ... -
Angola | Construction of the deep-water port of Cabinda starts in June
The construction of the deep-water port of the Angolan province of Cabinda, a project estimated to cost around USD600 million, is scheduled to start in June, ... -
ANGOLA | National Bank launches competition to design new coins
The designs of the new coins of 50 and 100 kwanzas that will replace banknotes of equal value will be chosen through a competition, the National ... -
Angola expects to receive 6 million tourists by 2020
The Tourism Development Master Plan for the Okavango Basin Hub will complement the Master Plan for Tourism of the National Development Plan (NDP) 2012/2017, said Angola’s ... -
Brazilian export finance plan expands to Angola
Brazilian businessmen who want to make investments in Angola from 2015 will benefit from the Brazilian government’s Export Financing Program (Proex), said the president of the ... -
Diamonds help Angola to offset drop in oil prices
The ongoing recovery of the diamond industry in Angola and plans to strengthen its effect on the economy should help offset the decline in oil prices, ... -
Angola’s investment agency to have offices in all provinces
Angola’s National Agency for Private Investment (ANIP) plans, from 2015, to open offices in all 18 provinces of the country, to facilitate contacts with companies submitting ... -
Angola | Investments exceed USD7.7b in 2014
Approved investments along with those still under review by Angola’s National Agency for Private Investment (ANIP) in 2014 exceeded USD7.7 billion, the president of the agency ... -
Angola | Cabinda province to gain deep-water port in 2016
Work on the first of three phases of construction of the deep-water port in Caio Litoral, in the Angolan province of Cabinda, will start in June ... -
BIC Angola negotiates sale of stake to int’l bank
BIC Angola bank is negotiating the sale of a 10 to 15 percent stake to a major international bank, the bank’s chairman, Fernando Teles said in ... -
Angola 1st International Fisheries and Aquaculture Fair opens in Luanda
The 1st Angola International Fisheries and Aquaculture Fair is on from 27-30 November at the premises of the Luanda International Fair (Filda) with at least 50 ... -
Briefs | Mozambique: Statistics Institute prepares 2nd Company Census
The National Statistics Institute of Mozambique (INE) is due in 2015 to begin the second Companies Census and preparatory work is currently underway, Mozambican newspaper Notícias ... -
Angola | Economic diversification costs USD22.7b
The projects selected to accelerate the process of diversification of Angola’s economy over the next three years have an estimated cost of USD22.7 billion, Angola’s Economy ... -
Angola Gov’t facilitates lending to entrepreneurs
Bureaucratic constraints on the financing of investment projects in Angola are being overcome with the approval of several orders that allow easier access to loans, Angola’s ... -
Angola Chinese state company invests in farming
Chinese state company CITIC Construction Co. will invest USD5b in 2015 in an agricultural project in Angola in order to “help reduce the insufficient food production ... -
Angola wants to build national railway network
The government of Angola plans to build a railway line to link the country’s three current railways, thus establishing a national railway network, Angola’s Transport Minister ... -
Angolan president’s daughter bids to buy Portugal Telecom
Terra Peregrin – Participações SGPS, owned by Angolan businesswoman Isabel dos Santos, the daughter of Angola’s president, has launched a tender offer for the entire share ... -
The Buzz | Angola journalist criticizes African Union
The African Union should move its headquarters out of Ethiopia because of concerns about freedom of expression there, an Angolan journalist and human rights campaigner said. ... -
France is the third largest investor in Angola
Foreign direct investment from France in Angola totals over 10 billion euros and France is the country’s third biggest supplier, the Angolan Foreign minister, Georges Chikoti ... -
Angola Sonangol is largest shareholder of new Banco Económico
Angolan state oil company Sonangol will be the largest shareholder of Banco Económico, SA, the bank that has replaced Banco Espírito Santo Angola, Portuguese financial daily ... -
Banco Económico replaces Banco Espírito Santo Angola
Banco Espírito Santo Angola (BESA) has ceased to exist and in has been replaced by Banco Económico, whose shareholders include Angolan state oil company Sonangol and ... -
Angola imports USD1b a year in wine
Angola spends USD1billion every year on importing wine, as national production is still small, according to figures issued Thursday in Luanda, at the inauguration of the ... -
Angola | 12th Projekta fair showcases 500 companies
The 12th edition of Projekta, the largest trade show dedicated to the construction, civil engineering, urban planning and architecture sector in Angola, will be held in ... -
Forum Macau Fund supports projects in Mozambique and Angola
The China-Portuguese Speaking Countries Fund for Cooperation and Development has approved two projects in Angola and Mozambique valued at USD10 million each, said the Secretary-General of ...
