Tag: Angola
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Angola expected to produce 2 million barrels of oil per day in 2017
The Angolan government’s target to produce 2 million barrels of oil per day has been postponed for a further two years, from 2015 to 2017, according ... -
Angola Portuguese businessman sells stake in Banco BIC
Angolan businesswoman Isabel dos Santos and Fernando Teles, the chief executive of Angolan bank Banco BIC, bought the 25 percent stake owned by Portuguese businessman Américo ... -
Angola | Moçâmedes Railroad receives three more locomotives
The fleet of the Moçâmedes Railroad will be increased in a few days with the arrival of three new locomotives acquired in the United States, the ... -
Luanda railway company takes delivery of rolling stock
The Angolan government has approved the purchase of 10 railcars to strengthen the passenger rail system in the city of Luanda, according to a statement from ... -
World Bank finances family farming in Angola
Mosap, a market-focused family farming project, underway since 2012 in the provinces of Bie, Huambo and Malanje, has funding of USD20 million from the World Bank, ... -
Angola | Sumol+Compal Group increases investment
The Angolan subsidiary of Portuguese group Sumol+Compal plans to increase its investment in Angola by building a USD51 million factory, as part of a project launched ... -
Brazil’s Oi group sells Portugal Telecom’s stake in Unitel Angola
Brazilian telecommunications group Oi has started the process of selling the 75% stake it owns in Africatel, which in turn has a 25 percent stake in ... -
Angolan Post Office offers int’l transfers
The Post Office in Angola (Correios de Angola) and the Western Union Company have signed an agreement to provide money transfer services for the first time ... -
Largest Angolan real estate project to launch in 2015
Commandante Gika, Angola’s biggest building project ever and one of the largest in Africa, is expected to be inaugurated within six months, said manager Sónia Campos, ... -
Angola may be Africa’s biggest oil producer again in 2014
Angola, one of the two main suppliers of oil to China may in 2014 become Africa’s largest oil producer once again, with new wells coming online ... -
Angolan flagship airline plans to fly to Kenya
The Kenyan government recently signed a new two-way air aviation agreement with its Angolan counterpart that will allow Angola’s flagship airline to start flying to Nairobi, ... -
Angola expects to receive 4.7m tourists in 2020
Angola expects to receive 4.7 million tourists in 2020, according to a forecast announced Thursday in Lisbon by the Director of the Angolan Institute of Tourist ... -
Angola | Japan grants funding to combat drought
The government of Japan will support the Angolan program to combat the effects of drought affecting 1.8 million people since 2012 with a contribution of USD1.2 ... -
Angola’s first satellite schedule to start operating in 1Q 2017
Angosat, Angola’s first satellite, is expected to be placed in orbit and become operational in the first quarter of 2017, the Angolan Secretary of State for ... -
Angola reportedly the only country in Africa that makes more foreign investments than it receives
The large size of Angolan investments abroad, namely in Portugal, is already reflected in the country’s statistics, which showed that in 2013 Angola was the only ... -
Growth of Angola’s economy expected to contract to 3.9 pct
The rate of growth of Angola’s economy is expected to decelerate to 3.9 percent in 2014 after posting growth of 6.8 percent in 2013, with the ... -
Angolan group starts internationalization in Lisbon
Angolan group Sociedade Comercial de Investimentos Gerais (Socinger) will begin its process of internationalization by opening a 4-star hotel as part of the Skyna Hotels chain ... -
Angola | Completion of Benguela Railway will boost economic growth
Completion of reconstruction work on the Benguela Railway in Angola will have a positive effect on the economy, by stimulating sectors such as agriculture and diamond ... -
Consul-General of Angola accused of sexual harassment
The Consul-General of Angola in Macau, Mr Pedro da Silva Feijó Sobrinho, has been accused of sexual harassment by a former consulate employee. According to a ... -
Angola builds banana processing unit
The first banana- processing unit in Angola is scheduled to start operating at the end of the year in Caxito, Bengo province, followed in the first ...
