Angola | Company signs investment agreement worth USD5b

Angolan company Organizações Ribeirinho has become the largest investor in Angola to sign a contract with the National Agency for Private Investment (ANIP) for an investment of USD5 billion, Angolan

Angola | Australian company extracts 1,317 diamonds in concession

The diamonds extracted as a result of processing 12,912 cubic meters of rock, had a total mass of 1,335 carats, with an average of 1.01 carats, with the largest standing

New visa system makes Angola more attractive to investors and tourists

The ongoing process of facilitating the allocation of visas by Angola makes the country more attractive to investors and tourists, creating new sources of revenue at a time when oil

China wants to strengthen partnership with Angola

China “aims to strengthen the strategic partnership with Angola,” the official Chinese news agency Xinhua reported, citing statements by Liu Yunshan, a member of the Standing Committee of the Political

Angola | Cities of Luanda and Lobito to be linked by motorway

A new bridge over the Kwanza River along National Road 100, is set to be built this year to allow traffic to move more easily along the coast between Luanda

Angola | Private investment expected to create 41,000 jobs

Thirty-six private investment projects created under the program for acceleration of diversification of Angola’s economy, will create 41,000 direct jobs in the next three years, the Angolan Economy Minister said

Angola regulates franchising activities

Angola will implement national regulations for the franchise system by the end of the year, according to an order from the Ministry of Trade establishing a Multi-sector Technical Group on

Angola | Takeover bid opens way to consolidation in the banking sector

Consolidation of operations in the Angolan commercial banking sector, long-awaited by analysts, my experience its most important consolidation to date as a result of the tender offer on Portuguese bank

National Bank of Angola to design new coins

In a statement issued Monday, the central bank reported that “none of the proposals considered met the requirements for the theme” in the competition to design the two new coins,

Angola starts issuing multiple entry visas

In March Angola will start issuing ordinary and tourist multiple-entry visas, the country’s Interior Minister, Angelo Veiga Tavares said Monday cited by Angolan news agency Angop. Speaking at the opening ceremony

IMF warns of ‘tough period’ for Angola in 2015

The Angolan government’s proposal to revise the State Budget for 2015 due to the significant decline in oil prices was “timely and fast,” the head of a mission from the

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 Mines. The numbers figure includes

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 Public Debt Management Unit

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 Economy said in Luanda.

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 (GDP) and the diversification

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 Luanda, which will require

Diamond polishing carried out in Angola

The Angola Diamonds Polishing factory, Sodiam, a subsidiary of Angolan state diamond company Empresa Nacional de Diamantes de Angola (Endiama), represented an initial investment of USD10 million, which when it

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 provincial deputy governor for

Angola | Australia’s Lucapa Diamond extracts 266.7 carats of diamonds

Preliminary work in block 29 of the Lulo concession was “successfully” completed and in just eight days of operation 17.33 carats of diamond per 100 cubic meters of rock have

Oil exports to China are ‘cushion’ for drop in Angola’s revenues

Due to long-term supply contracts, which mainly began to be established in 2002, China is now the largest buyer of oil from Angola, absorbing about half of the West African

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