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 capital of Portugal Telecom

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. Rafael Marques, who has

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 said Tuesday in Luanda. While

Angola Sonangol is largest shareholder of new Banco Económico

Sonangol’s entry in the capital of the new BESA is part of a capitalisation plan that the National Bank of Angola set out for the bank as a result of

Banco Económico replaces Banco Espírito Santo Angola

The changes were made during an extraordinary general meeting of shareholders held Wednesday in Luanda, in compliance with the stipulations of the Angolan central bank, which will thus end its

Angola imports USD1b a year in wine

The director of the Angola Wine Festival, Miguel Pinho, noted that the figure was a good representation of a “very large business” in the country, which shows “the importance that

Angola | 12th Projekta fair showcases 500 companies

Eventos Arena – Organizaçao e Gestao de Feiras e Eventos said in a statement that the fair, which this year will have an exhibition area of ​​16,000 square metres, will

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 the Permanent Secretariat of

Angola expected to produce 2 million barrels of oil per day in 2017

The minister also told financial news agency Bloomberg that the state budget for 2015 had been prepared based on a price per barrel of oil of between USD88 and $92

Angola Portuguese businessman sells stake in Banco BIC

The deal also involved a change in the shareholder structure of Banco BIC Portugal, as António Ruas, another shareholder, also sold his 10 percent stake to Isabel dos Santos and

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 chairman of the rail

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 the Council of Ministers

World Bank finances family farming in Angola

Aniceto Bila said in Andulo district, 130 kilometers north of Kuito, that the funding allowed the consolidation of all activities including training of farmers, supplying seeds, fertilizer, and agricultural production

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 in 2013, according to

Brazil’s Oi group sells Portugal Telecom’s stake in Unitel Angola

In the statement available on the CMVM website the group said its board of directors had approved all “necessary measures to sell Oi’s stakes in Africatel Holdings, representing 75 percent

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 to users of the

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, cited by Angolan daily

Angola may be Africa’s biggest oil producer again in 2014

After starting the year at a low, due to technical problems on some oil rigs, Angola’s oil production is recovering, and state oil company Sonangol expects production to reach 2

Angolan flagship airline plans to fly to Kenya

The agreement signed last week is a review of the aviation agreement signed by both governments in 2011, under which Kenya Airways started flying to Angola. The Kenyan airline currently offers

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 Promotion (Infotur), Eugene Clement,

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