News
Angolan agency fines abandoned investment projects
30 Jul 2015
Angola’s National Agency for Private Investment (ANIP) this year raised US$600 million in fines to companies that have signed investment contracts but never carried out the projects.
Source: Macauhub - www.macauhub.com.mo/en/2015/07/30/angolan-agency-fines-abandoned-investment-projects/
Protuguese company chooses Angola as location to build a factory
28 Jul 2015
Portuguese company Mendes Gonçalves has chosen Angola to begin its internationalisation process and has invested 3 million euros in the Viana industrial area.
Source: Macauhub - www.macauhub.com.mo/en/2015/07/28/portuguese-company-chooses-angola-as-location-to-build-a-factory/
FILDA 2015 ends with estimated business volume of USD 11 million
27 Jul 2015
Luanda: A business volume estimated at 11 million US dollars comes as a result of five days of business contacts amongst decision makers, suppliers, managers and funders.
FILDA 2015: New public procurement laws to improve business evironment
24 Jul 2015
Luanda: a process of revision and creation of laws to improve the business environment is underway in the country, with the involvement of the National Public Procurement Service (SNCP).
Parliament approves Private Investment Law in Angola
23 Jul 2015
The Private Investment Law, which aims to adapt the system of tax benefits to the current economic dynamics of Angola, was approved Wednesday in Luanda by the Angolan Parliament.
Source: Macuhub - www.macauhub.com.mo/en/2015/07/23/parliament-approves-private-investment-law-in-angola/
32nd edition of Luanda International Trade Fair kicks off tuesday
21 Jul 2015
The 32nd edition of Luanda International Trade Fair (Filda 2015) is stranting this tuesday, with the participation of 40 countries, an event that is taking place on 21-26 July in the capital of the country (Luanda).
Cuanza Norte: Golungo Alto produces over 12.000 cubic meters of timber
17 Jul 2015
At lest 12.250 cubic meters of assorted timber were produced in Golungo Alto municipality, northern Cuanza Norte province in 2014.
Inflation target for 2015 in Angola compromised
16 Jul 2015
The Angola government's inflation target, of less than 9 percent, is hampered by the crisis affecting the country, according to an economic report on the second quarter by Banco Angolano de Investimento (BAI).
Source: Macauhub - www.macauhub.com.mo/en/2015/07/16/inflation-target-for-2015-in-angola-compromised-due-to-crisis/ Source: Angop
Sonangol reaffirms stability of its activities
16 Jul 2015
Luanda: The Angolan National Oil Company (Sonangol) remains a stable and operationally strong company - reaffirmed the chairman of its Board of Directors, Francisco de Lemos José Maria.
Angola has economic viability - Finance minister
04 Mar 2015
Luanda: Finance minister Armando Manuel last Tuesday considered Angola's level of debt moderate, estimated at 45% of the GDP, adding that the country does have economic viability.
Oil exports to China are "cushion" for drop in Angola's revenue.
26 Jan 2015
Angola needs, due to fall in oil revenue, to recalculate its public accounts.
Source: Macauhub - www.macauhub.com.mo/en/2015/01/26/oil-exports-to-china-are-cushion-for-drop-in-angolas-revenues/
Angola vai rever Orçamento do Estado para 2015
13 Jan 2015
A reunião do MPLA determinou a elaboração de um estudo para adoção de um pacote com medidas urgentes destinadas a minimizar efeitos da crise.
Source: África 21 - www.africa21digital.com/politica/ver/20041576-angola-vai-rever-orcamento-de-estado-e-prepara-pacote-de-medidas-para-enfrentar-crise-economica
Chinese company builds combined cycle plant in Soyo
9 Jan 2015
The China Machinery Engineering Corporation (CMEC) will begin construction of a power plant in Soyo after receiving the first instalment of US$147.7 million from the Strategic Financial Oil Reserve for Basic Infrastructure, according to a presidential order. A reunião do MPLA determinou a elaboração de um estudo para adoção de um pacote com medidas urgentes destinadas a minimizar efeitos da crise.
Source: Macauhub - www.macauhub.com.mo/en/2015/01/09/chinese-company-builds-combined-cycle-plant-in-soyo-angola/
Cuanza Norte: Entrepreneurs invited to participated in Mucosso Perimeter management
8 Jan 2015
Dondo - The Angolan minister of Agriculture Afonso Pedro Canga Wednesday in northern Cuanza Norte province appealed to national entrepreneurs to join the management of the Mucosso Irrigated Perimeter.
INE releases report on Angola's international trade
6 Jan 2015
Angola's National Institute of Statistics (INE, in Portuguese) has released a report on the country's international trade regarding the 3rd trimester of 2014. China, Portugal, Spain, USA and others are reported as main trade partners of Angola.
Source: INE - www.ine.gov.ao/xportal/xmain?xpid=ine&xpgid=publications_detail&publications_detail_qry=BOUI=20127978
Angola expected to return to budget surpluses only in the medium term
5 Jan 2015
The implementation of Angola’s state budget for 2015 presents some uncertainty due to a drop in oil prices, according to Eaglestone Securities, which expects the country to return to budget surpluses only in the medium term.
Source: Macauhub - www.macauhub.com.mo/en/2015/01/05/angola-expected-to-return-to-budget-surpluses-only-in-the-medium-term/
Institute focuses on drafting rural arrangement plan
31 Dec 2014
Luanda - The National Institute for Territory Arrangement and urban Development (INOTU) as of 2015 will focus on drafting rural arrangement plans with a view to bringing about a balance between the urban areas and the quality of life in these zones.
USD 9 million Offshore Crude Oil Unloading unit inaugurated
05 Dec 2014
Luanda - A floating facility designed to store, produce and unload the crude oil on (FPSO CLOV) in Angolan offshore Block 17 was inaugurated Thursday in Luanda.
Angola Government Bond Trading Set to Begin Tomorrow After Delay
04 Dec 2014
A market for trading Angolan government debt will start tomorrow after it was pushed back a month because of technical delays.
Source: Bloomberg - www.bloomberg.com/news/2014-12-04/angola-government-bond-trading-set-to-begin-tomorrow-after-delay.html
World Bank announces support for Angola’s 2015 state budget
03 Dec 2014
The World Bank is preparing a plan worth US$1 billion to support projects in Angola linked to the water resources and agriculture sectors, the World Bank’s director for Angola said Tuesday in Luanda.
Source: Macauhub - www.macauhub.com.mo/en/2014/12/03/world-bank-announces-support-for-angolas-2015-state-budget/
Construction sector announces improvements in infrastructure
03 Dec 2014
Luanda - The continuation of public investments in the infrastructure sector, with stress to addressing the people's pressing concerns, are the main priorities for the Construction Ministry.